On January 10, 2021 Explorers Corporation had net assets with a book value of $275,000 and a fair value of $330,000. On January 10, 2021, Chicago Corporation purchased Explorers Corporation for $385,000. What is the amount of goodwill that Chicago Corporation will recognize for their purchase of Explorer Corporation. on January 10, 2021? A Assume that as of December 31, 2021 the book value of the net assets of the Descendants division is $320,000 and the fair value of the division is $312,000. What (if any) is the amount of the goodwill impairment? What is the balance of goodwill as of 12/31/21? AJ