including... Northern purchased the entire business of Southern including all its assets and liabilities for $666,750. Below is information related to the two companies: Fair value of assets Fair value of liabilities Reported assets Reported liabilities Net Income for the year Northern $1,044,000 Southern $785,000 571,000 307,000 814,000 646,000 499,000 265,000 58,000 57,000 How much goodwill did Northern pay for acquiring Southern? Multiple Choice $381,000. $285,750. $151,250. $188,750