Time Saved: 8:37 PM Case Two (5 marks) On January 1, 2018, Line Corporation acquired all the net assets of Staff Company $300,000. On that date, Staff's identifiable net assets had a fair value of $250,000. The as acquired in the purchase of Staff are considered to be a separate reporting unit of Line Corporation. The carrying value of the reporting unit, Staff, on December 31, 2018, is $310,000. The fair value of Staff's identifiable net assets (excluding goodwill) at that date is $220,000, and the fair value of the reporting unit is determined to be $260,000. Required: Use the space provided below to: a. Calculate the amount of goodwill at January 1, 2018. b. Determine the amount, if any, of goodwill impairment loss to be recognized at December 31, 2018