Q$.$ No$.3.$ On January $1,2020,$ Larmer Corp. $($a Canadian company$)$ purchased $80\%$ of Martin Inc, an American company, for US $$50,000.$ Martin's book values approximated its fair values on that date except for plant and equipment, which had a fair value of US $$30,000$ with a remaining life expectancy of $5$ years. A goodwill impairment loss of US $$1,000$ occurred during $2020.$ Martin's January $1,2020$ Balance Sheet is shown below $($in U$.$S$.$ dollars$)$:

$\backslash$table$[[$Current Monetary Assets,$$50,000$