Use the same facts from question $7$ and $8.$ The net assets for Saltillo have a total book value of $$900,000,$ and the net assets for Sebastian have a book value of $$400,000$ and fair value of $$700,000.$ Assume instead that Sebastian and Saltillo agree to a consideration of $$700,000$ to purchase all of Sebastian's assets and liabilities. How much will Saltillo record for Goodwill?

Multiple Choice

$$ No Goodwill should be recorded

$$200,000$

$$300,000$

$$ $$500,000$