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Fry Industries acquired Carey Production for $400,000 in cash. Below is Carey's balance sheet as of the date of acquisition Book Fair Value Value Accounts

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Fry Industries acquired Carey Production for $400,000 in cash. Below is Carey's balance sheet as of the date of acquisition Book Fair Value Value Accounts Receivable 60.000 60,000 Inventory 80,000 80,000 Equipment 100,000 250,000 Patent 10,000 120,000 Goodwill 100,000 100,000 Accounts Payable 20,000 20,000 Long-Term Debt 200,000 200.000 Common Equity 400,000 400,000 What, if any, goodwill does Fry recognize for this acquisition? O $110,000 $290.000 $0 $10,000 $410.000

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