(TCO C) General Products Company bought Special Products Division in 2010 and appropriately recorded $500,000 of goodwill related to the purchase. On December 31, 2011, the fair value of Special Products Division is $4,000,000 and it is carried on General Products books for a total of $3,400,000, including the goodwill. An analysis of Special Products Divisions assets indicates that goodwill of $400,000 exists on December 31, 2011. What goodwill impairment should be recognized by General Products in 2011? (Points : 5)

$0

$200,000

$50,000

$300,000