Please show work for part C

Problem 12-4 (Part Level Submission) On July 31, 2017, Carla Vista Company paid $2,700,000 to acquire all of the common stock of Conchita Incorporated, which became a division of Carla Vista. Conchita reported the following balance sheet at the time of the acquisition. $570,000 470,000 2,090,000 $3,130,000 $730,000 Crrent liabilities 2,400,000 Long-term liabilities Current assets Noncurrent assets Total assets 000 Stockholders' equity Total liabilities and stockholders' equity It was determined at the date of the purchase that the fair value of the identifiable net assets of Conchita was $2,455,000, over the next 6 months of operations, the newly purchased division experienced operating losses. In addition, it now appears that it will generate substantial losses for the foreseeable future. At December 31, 2017, Conchita reports the following balance sheet information. $410,000 2,060,000 (700,000) (500,000) $1,270,000 Current assets Noncurrent assets (including goodwill recognized in purchase) Current liabilities Long-term liabilities Net assets It is determined that the fair value of the Conchita Division is $1,850,000. The recorded amount for Conchita's net assets (excluding goodwill) is the same as fair value, except for property, plant, and equipment, which has a fair value $150,000 above the carrying value. (a) Your answer is correct Compute the amount of goodwill recognized, if any, on July 31, 2017 The amount of goodwill 245000 SHOW LIST OF ACCOUNTSSHOW SOLUTIONSHOW ANSWER LINK TO TEXT LINK TO TEXT