On July 1, TruData Company issues 11,400 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of Webstat Companys outstanding voting shares. Webstats precombination book and fair values are shown below along with book values for TruDatas accounts.

	TruData			Webstat			Webstat
	Book Values			Book Values			Fair Values
Revenues (1/1 to 7/1)	$	(255,800	)	$	(134,000	)
Expenses (1/1 to 7/1)		160,000			80,000
Retained earnings, 1/1		(124,000	)		(168,000	)
Cash and receivables		142,000			80,000		$	80,000
Inventory		176,000			152,000			174,000
Patented technology (net)		254,000			180,000			204,000
Land		404,000			204,000			228,000
Buildings and equipment (net)		88,000			88,000			88,000
Liabilities		(530,000	)		(378,000	)		(352,000	)
Common stock		(304,000	)		(68,000	)
Additional paid-in capital		(10,200	)		(36,000	)

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

2.

The separate condensed balance sheets of Patrick Corporation and its wholly-owned subsidiary, Sean Corporation, are as follows:

BALANCE SHEETS
December 31, 2020
	Patrick		Sean
Cash	$	72,000	$	72,000
Accounts receivable (net)		130,000		24,000
Inventories		80,000		50,000
Plant and equipment (net)		634,000		268,000
Investment in Sean		472,000		-
Total assets	$	1,388,000	$	414,000
Accounts payable		160,000		90,000
Long-term debt		100,000		24,000
Common stock ($10 par)		340,000		62,000
Additional paid-in capital				10,000
Retained earnings		788,000		228,000
Total liabilities and shareholders' equity	$	1,388,000	$	414,000

Additional Information:

• On December 31, 2020, Patrick acquired 100 percent of Seans voting stock in exchange for $472,000.
• At the acquisition date, the fair values of Seans assets and liabilities equaled their carrying amounts, respectively, except that the fair value of certain items in Seans inventory were $18,000 more than their carrying amounts.

In the December 31, 2020, consolidated balance sheet of Patrick and its subsidiary, what amount of total assets should be reported?