Use the information for 61 to 65. General Products Company bought Special Products Division in 2014 and appropriately recorded $750,000 of goodwill related to the purchase. On December 31, 2015, it is carried on General Product's books for a total of $5,750,000, including the goodwill. 61. If the fair value of Special Products Division is $6,000,000 on December 31, 2015, what goodwill impairment should be recognized by General Products in 2015? a. $0. b. $300,000. c. $75,000. d. $450,000. 62. If the fair value of Special Products Division is $5,500,000 on December 31, 2015, should impairment loss be recognized by General Products in 2015? a. yes b. no C, none of the above 63. How much is the impairment loss? a. 500,000 b. 250.000 C. 750.000 d. None of the above 64. what is the new amount for goodwill after the impairment loss? a. 500,000 b. 250,000 c. 750,000 d. None of the above 65. Impairment loss should be recognized in a. Income statement b. Balance sheet C. Cash flow statement d. None of the above