Question: GH 3 Saved Help Save & Exit Sub 4 On June 1. Cline Co. paid $1,066,000 cash for all of the issued and outstanding common

GH 3 Saved Help Save & Exit Sub 4 On June 1. Cline Co. paid $1,066,000 cash for all of the issued and outstanding common stock of Renn Corp. The carrying amounts for Renn's assets and liabilities on June 1 follow, 2.5 points Cash Accounts receivable Capitalized software costs Goodwill Liabilities Net assets $ 240,000 299,000 324, eee 158,000 (150,000) $ 871,000 012643 On June 1, Renn's accounts receivable had a fair value of $211.000 Additionally, Renn's in proces research and development was esmated 10 have a fair value of $254,000 All other items were stated at their fair values. On Clines June 1 consolidated balance sheet, how much reported for goodwill? Moe Choice

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