On July $1,2022,$ Rodgers Corporation purchased Cutler Company by paying $$200,000$ cash and issuing a $$150,000$ note payable to Jay Cutler. At July $1,2022,$ the statement of financial position of Cutler Company was as follows.

$\backslash$table$[[$Trademarks$,$$$20,000,$Shareholders' equity,$$215,000$