Tropical Flowers Corporation has three reporting units (Hibiscus, Plumeria, and Bird-of-Paradise) with goodwill resulting from earlier business combinations. Information for the reporting units are as follows:

Reporting Unit (RU)	Goodwill Carrying Value, 12/31/19	Reporting Unit Values at 12/31/20
		Carrying Value (CV)	Fair Value (FV)
Hibiscus	$ 900,000	$ 6,000,000	$ 5,400,000
Plumeria	$ 500,000	$ 3,200,000	$ 4,100,000
Bird-of-Paradise	$ 150,000	$ 1,800,000	$ 1,560,000

Required:

1. Apply the new rules for testing for goodwill impairment to determine the amount of goodwill impairment loss for each of Tropical Flowers Corporations reporting units.

2. Prepare the appropriate journal entry to record Tropical Flower Corporations impairment loss.

3. Indicate the amount of goodwill that should be reported on Tropical Flowers Corporations balance sheet at December 31, 2020.