Practical Corporation acquired all of the common stock of Simple Company for $458,000 on January 1,204. On that date, Simple's identifiable net assets had a fair value of $398,000. The assets acquired in the purchase of Simple are considered to be a separate reporting unit of Practical. The carrying value of the Simple reporting unit's net assets at December 31,204, is $508,000. Required: Determine the amount of goodwill impairment, if any, that should be recognized at December 31, 20X4, if the fair value of the Simple reporting unit is determined to be: a. $522,000. b. $501,000. c. $456,500