On June 1, Cline Co. paid $1,069,000 cash for all of the issued and outstanding common stock of Renn Corp. The carrying amounts for Renn's assets and liabilities on June 1 follow: Cash Accounts receivable Capitalized software costs Goodwill Liabilities Net assets $ 209,000 269,000 337,000 168,000 (143,000) $ 840,000 On June 1, Renn's accounts receivable had a fair value of $218,000. Additionally, Renn's in-process research and development was estimated to have a fair value of $240,000. All other items were stated at their fair values. On Cline's June 1 consolidated balance sheet, how much is reported for goodwill? Multiple Choice $157,000. $337,000. $11,000 $208,000