ubsidiary has a reported balance of $4,130,000, including $210,000 of Goodwill. The fair value of the subsidiary is $3,850,000. The fair value of the subsidiarys individually identifiable net assets is $3,500,000. The subsidiary has only one reporting unit, which is the same as the overall entity.

For this fact set, determine whether Goodwilll is impaired and, if so, the amount of impairment assuming the parent company has previously adopted FASB ASU 2017-04. Enter the impairment amount below. If Goodwill is not impaired, enter zero.

$________

Prepare the required journal entry if you determine Goodwill is impaired. If Goodwill is not impaired, select "No entry" as your answers under Description and leave the Debit and Credit answers blank (zero).

Description	Debit	Credit
Equity Income from Subsidiary
Equity Investment

How would your answer above change if all of the information is the same, except the fair value for the subsidiary is $3,934,000?

Description	Debit	Credit
Equity Income from Subsidiary
Equity Investment

If Goodwill is not impaired, select "No entry" as your answers under Description and leave the Debit and Credit answers blank (zero).