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On June 1 Cline Co paid $1083,500 cash for all of the issued and outstanding common stock of Renn Corp. The carrying amounts for Renn's

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On June 1 Cline Co paid $1083,500 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, 3 2.5 points Cash Accounts receivable Capitalized software costs Goodwill Liabilities Net assets $ 213,000 271,500 417,000 113,000 (155,000) $ 859,500 01:24:55 Prim On June 1. Renn's accounts receivable had a fair value of $207000 Additionally, Renn's in-process research and development was estimated to have a fair value of $245,000. All other items were stated at their fair values On Cline's June 1 consolidated balance sheet, how much is reported for goodwill

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