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! Required information Exercise 1 1 - 3 1 ( Algo ) Impairment; goodwill [ L 0 1 1 - 8 ] [ The following

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Required information
Exercise 11-31(Algo) Impairment; goodwill [L011-8]
[The following information applies to the questions displayed below.]
In 2022, Alliant Corporation acquired Centerpoint Incorporated for $339 million, of which $59 million was allocated to
goodwill. At the end of 2024, management has provided the following information for a required goodwill impairment test:
Fair value of Centerpoint Incorporated
Book value of Centerpoint's net assets (excluding goodwill)
Book value of Centerpoint's net assets (including goodwill)
$247 million
221 million
280 million
Exercise 11-31(Algo) Part 2 & 3
Determine the amount of goodwill reported in the year-end 2024 balance sheet.
Determine the amount of the impairment loss assuming that the fair value of Centerpoint is $306 million.
Note: For all requirements, enter your answer in millions (i.e.,10,000,000 should be entered as 10).
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