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On July 1,2025, Sheridan Corporation acqured Sunland Company for $864.000 cash. At the time of purchase. Surland's balance Sheet showed assets of $744,000 and liabilities

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On July 1,2025, Sheridan Corporation acqured Sunland Company for $864.000 cash. At the time of purchase. Surland's balance Sheet showed assets of $744,000 and liabilities of $240,000 The fair value of Sunland's assets is estimated to be $912,000 (a) Compute the amount of goodwill acquired by Sheridan. Amount of goodwil

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