Question: 7 . On June 1 , 2 0 1 8 , when Kaimana Company's total stockholders' equity was $ 5 0 0 , 0 0

7. On June 1,2018, when Kaimana Company's total stockholders' equity was $500,000, Zennia
Corporation purchased 10,000 shares of Kaimana's common stock at $40 per share. Kaimana had 25,000
shares of common stock outstanding both before and after the purchase by Zennia, and the book value of
Kaimana's net assets on June 1,2018, was equal to the fair value. On a consolidated balance sheet
prepared on June 1,2018, goodwill would be:

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