E 8-6 Additional stock issued by subsidiary directly to parent The stockholders’ equities of Huanh Corporation and its 90 percent-owned subsidiary, Ngon Corporation, on December 31, 2016, are as follows (in thousands):

Huanh Ngon Common stock, $10 par $10,000 $2,000 Additional paid-in capital 500 150 Retained earnings 600 250 Total stockholders’ equity $11,100 $2,400 On January 1, 2017, Ngon issued previously unissued common stock of 100,000 shares directly to Huanh for $24 per share. The book value of Ngon’s net assets book is equal to fair value at the transaction date, except for land undervalued by $10,000.

REQuIRED 1. Calculate the balance of Huanh’s Investment in Ngon account on January 2, 2017, after the new investment is recorded.

2. Determine the goodwill, if any, from Huanh’s purchase of the 100,000 new shares.