Question: On January 1 , 2 0 1 9 , Palm Corporation acquired 7 0 percent of Smart Company's common stock for $ 2 1 0

On January $1, 2019,$ Palm Corporation acquired $70$ percent of Smart Company's common stock for $ $210, 000$ cash, when the book value of Smart Company was $ $260, 000 .$ At the date of the business combination, the book values of Star's net assets and liabilities approximated fair value except for inventory, which had a book value of $ $140, 000$ and fair value of $ $145, 000,$ and equipment, which had a book value of $ $200, 000$ and a fair value of $ $220, 000 .$ During $201950 %$ of the goodwill was impaired What is the value of goodwill on December $31, 2019 ?$

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