Northern Company acquired Southern Company. The purchase price included all Southern's assets and liabilities and in the amount of $$600,000.$ Below is information related to the two companies.

How much goodwill will Northern report in its acquisition of Southern?

Faix value of assets

Faix value of liabilities

Reported asmets

Reported $1$iabilities

Net income for the year

$$150,000$

$$200,000$

$$100,000$

$$300,000$