Question: On March 3 1 , 2 0 2 5 , Sheridan Company paid $ 6 , 0 3 1 , 0 0 0 to acquire

On March 31,2025, Sheridan Company paid $6,031,000 to acquire all of the common stock of Drive Incorporated, which became a division of Sheridan. Drive reported the following balance sheet at the time of the acquisition:
\table[[Current assets,$2,352,000,,Current liabilities,$494,000
Finally, it is determined that the fair value of the Drive Division is $4,457,000 on December 31,2025.
(a)
Compute the amount of goodwill recognized, if any, on March 31,2025.(Af answer is zero, do not leave answer field blank. Enter 0 for the amount.)
The amount of goodwill $
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(b)
The parts of this question must be completed in order. This part wall be awalible when you complete the part above.
On March 3 1 , 2 0 2 5 , Sheridan Company paid $

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