Brown Company is considering the purchase of Orange Company. Orange Company has supplied the following information: Book Value of Identifiable Assets: 465000 Estimated Market Value of Identifiable Assets: 497000 Total Liabilities: 119000 Total cumulative net cash earnings for the past eight years of 940000 includes extraordinary cash gains of 43000 and nonrecurring cash losses of 74000 . Brown Company expects a return on investment of 15%. Brown uses cash earnings to estimate its offering price and it estimates valuation of Orange to be equal to the present value of cash-based earnings, discounted over 8 years. 1. The offering price that Brown is willing to pay is with this amount is and goodwill associated and goodwill associated 2. If final purchase price is 876000 , the amount of goodwill actually recorded is