Northern purchased the entire business of Southern including all its assets and liabilties for $680,750 Below is information related to the two compahies Northern Fair value of assets Fair value of iabilities Reported assets Reported Babilities Net Income for the year $1,056,000 581,000 810,000 489,000 47000 $796,000 304,000 642.000 253,000 How much goodwill did Northern pay for acquiring Southern? O $188.750 O $291750 $389,000 O $241550