Northern purchased the entire business of Southern including all its assets and liabilities for $600,000. 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 $1,050,000 575,000 800,000 500,000 60,000 Southern $800,000 300,000 650,000 250,000 50,000 How much goodwill did Northern pay for acquiring Southern? Multiple Choice O $100.000 $300,000 $200,000 $150.000