On January 1, 20X1, Porta Corporation purchased Swick Company's net assets and assigned goodwill of $82,500 to Reporting Division K. The following assets and liabilities are assigned to Reporting Division K on the acquisition date: Carrying Amount $ 16,500 58,500 195,000 82,500 32,500 Fair Value 12/31/20X3 $ 16,500 73,500 215,000 Cash Inventory Equipment Goodwill Accounts Payable Required: 32,500 On December 31, 20X3, Porta must test goodwill for impairment. Assume that the carrying value of the goodwill has not changed since 20X1. Determine the amount of goodwill to be reported for Division K and the amount of goodwill impairment to be recognized, if any, if Division K's fair value is determined to be a. $365,000. b. $305,000. c. $285,000. Answer is not complete. Amount of Goodwill Impairment Goodwill a. $ 82,500 $ b. C. 0