Please help me by providing the analysis and answer to this question:

In 20X1, Cordova Inc. acquired Cordant Corporation and $140 million in goodwill was recorded. At the end of its 20X3 fiscal year, management has provided the following information for a required goodwill impairment test ($ in millions):

Assuming that Cordant is considered a reporting unit, the amount of goodwill impairment loss that Cordova should recognize according toU.S. GAAPis:

Fair value of Cordant (approximates fair value less costs to sell)$980

Fair value of Cordant's net assets (excluding goodwill)900

Book value of Cordant's net assets (including goodwill)1,050

Present value of estimated future cash flows1,000

• None.
• $20 million.
• $50 million.
• $70 million.