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Ivanhoe Limited purchased all the following assets and liabilities of Junkit Industries for $ 811,000 : BOOK VALUE FAIR VALUE Accounts Receivable $156,000 $156,000 Inventory

IvanhoeLimited purchased all the following assets and liabilities of Junkit Industries for $811,000:

BOOK VALUE FAIR VALUE

Accounts Receivable $156,000 $156,000

Inventory 89,000 117,000

Property, Plant & Equipment (net) 793,000 841,000

Patents 0 18,000

Liabilities 231,000 231,000

Calculate the amount of goodwill.

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