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Calculate the amount of goodwill in transaction On July 1,2017, Brigham Corporation purchased Young Company by paying $241894 cash and issuing a $118936 note payable

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On July 1,2017, Brigham Corporation purchased Young Company by paying $241894 cash and issuing a $118936 note payable to Steve Young. At July 1, 2017, the balance sheet of Young Company was as follows. Cash Accounts receivable Inventory Land $46515 87576 98735 42418 79039 66911 Buildings (net) Equipment (net) Trademarks Accounts payable The recorded amounts all approximate current values except for land (fair value of $56411) 10575 200889 inventory (fair value of $122320), and trademarks (fair value of $12625). Calculate the amount of goodwill in this transaction

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