On April 10, Browning Corp. purchased Elwood Inc. for $800,000. Elwood's trial balance on that date is as follows: Account Debit Credit Cash $ 30,000 Accounts Receivable 150,000 Allowance for Doubtful Accounts $ 20,000 Equipment 800,000 Accumulated Depreciation 235,000 Patent 75,000 Accounts Payable 30,000 Salaries Payable 20,000 Estimated Sales Return Liability 6,000 Note Payable 200,000 Pension Liability 90,000 Common Stock 100,000 Retained Earnings 354,000 Total $1,055,000 $1,055,000 Browning has determined the following for Elwood Inc.: The net realizable value of its accounts receivable is $142,000 The fair value of the equipment is $600,000 The estimated sales return liability is overstated by $4,000 The pension liability is overstated by $20,000 An unrecorded customer list Elwood owns is worth $9,000 For all other amounts, the book value on the purchase date equals their fair value Question: How much goodwill should Browning Corp. record related to this purchase? Do not include a currency symbol, decimals, or cents in the numerical response. Answer: $Answer 1 Question 11