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At December 31, 2023, Sheridan Corp.'s general ledger includes the following account balances: Copyrights $59000 Deposits with advertising agency (will be used to promote

At December 31, 2023, Sheridan Corp.'s general ledger includes the following account balances: Copyrights $59000 Deposits with advertising agency (will be used to promote goodwill) 36500 Research costs 72000 Excess of cost over fair value of identifiable net assets of acquired subsidiary 587500 Trademarks 102500 In the preparation of Sheridan's balance sheet as of December 31, 2023, what should be reported as goodwill?

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