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Checkov, Inc. is purchasing Sulu Corp. Information relating to Checkov and Sulu immediately before the acquisition is as follows: Balance sheet values for Estimated fair

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Checkov, Inc. is purchasing Sulu Corp. Information relating to Checkov and Sulu immediately before the acquisition is as follows: Balance sheet values for Estimated fair Checkov Bal sheet values for Sulu values for Sulu Cash 875,00 294.00 294.00 Other current assets 350.00 196.00 220.50 Non-current assets 1,312.50 490.00 661 50 Liabilities 784,00 Common stock 1,662.50 Retained earnings 385.00 784.00 73.50 122.50 490.00 Checkov pays $510 cash to acquire Sulu Corp. Determine the amount, if any, of goodwill Checkov will report as a result of its acquisition of Sulu

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