On September 1, 2020, Piper Corporation acquired Darcy Enterprises for a cash payment of $850,000. At the time of purchase, Darcy's statement of financial position showed assets of $890,000, liabilities of $450,000, and owner's equity of $440,000. The fair value of Darcy's assets is estimated to be $1,150,000. Assume that Piper is a public company and the goodwill was allocated entirely to one cash-generating unit (CGU). Two years later, the CGU's carrying amount is $3,450,000; its value in use is $3,380,000; the fair value less costs to sell is $2,980,000. (a) Calculate the value of goodwill acquired at September 1, 2020. (2 marks) Goodwill: (b) If the cash payment was $600,000, how would your answer to (a) change? (2 mark) Gain on bargain purchase (c) Determine if goodwill is impaired in 2022, and calculate the goodwill impairment loss. (3 marks) Goodwill impairment loss