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Crane Corporation acquired all outstanding shares of Ivanhoe Ltd . for $ 2 . 2 4 million. Selected information relating to Ivanhoe was as follows:

Crane Corporation acquired all outstanding shares of Ivanhoe Ltd. for $2.24 million. Selected information relating to Ivanhoe was as follows:
Fair value of identifiable net assets:
$2.14 million
Book value of identifiable net assets:
$1.72 million
Cash balance:
$0.26 million
Crane will recognize goodwill of
$2.24 million.
$1.46 million.
$1.17 million.
$0.10 million.
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