13) Northridge purchased the entire business of Southridge including all its assets and liabilities for $600,000 on December 31, 2022. Below is information related to the two companies at that date: Northridge Southridge Fair value of assets $ 1,050,000 $ 800,000 Fair value of liabilities 575,000 300,000 Reported assets 800,000 650,000 Reported liabilities 500,000 250,000 Net Income for the year 60,000 50,000 How much goodwill did Northridge pay for acquiring Southridge