Required information Following its acquisition of the net assets of Dan Company, Empire Company assigned goodwill of $60,000 to one of the reporting divisions Information for this division follows: Cash Inventory Equipment Goodwill Accounts Payable Carrying Amount $ 20,000 35,000 125,000 60,000 30,000 Fair Value $ 20,000 40,000 160.000 30,000 Based on the preceding information, what amount of goodwill impairment will be recognized for this division if its fair value is determined to be $195,000