On its acquisition-date consolidated balance sheet, what amount should TruData report as goodwill?

a. $0

b.$20,000

c. $362,000

d. $136,600

On July 1, TruData Company issues 9,600 shares of its common stock with a $5 par value and a $45 fair value in exchange for all of Webstat Company's outstanding voting shares. Webstat's precombination book and fair values are shown below along with book values for TruData's accounts. Webstat Fair Values $ Revenues (1/1 to 7/1) Expenses (1/1 to 7/1) Retained earnings, 1/1 Cash and receivables Inventory Patented technology (net) Land Buildings and equipment (net) Liabilities Common stock Additional paid-in capital TruData Book Values $ (246,400) 150,000 (122,000) 176,000 176,000 246,000 390,000 90,000 (534,000) (314,000) (11,600) Webstat Book Values $ (140,000) 84,000 (140,000) 52,000 146,000 178,000 214,000 72,000 (366,000) (64,000) (36,000) 52,000 176,000 216,000 240,000 72,000 (344,000)