3. On April 1, 20X2, Jack Company paid $800,000 for all of Ann Corporation's issued and outstanding common stock. Ann's recorded assets and liabilities on April 1, 20X2, were as follows: Cash Inventory Property & equipment (net of accumulated depreciation of $320,000) Liabilities On April 1, 20X2, Ann's inventory was determined to have a fair value of $190,000, and the property an equipment had a fair value of $560,000. What is the amount of goodwill resulting from the business combination? $50,000. $0. $180,000. $150,000. References $ 80,000 240,000 480,000 (180,000) eBook & Resources