On June 1. Cline Co. paid $892,000 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 Goodwi11 Liabilities $ 178,000 237,000 374, 000 110,000 (201, 000) $ 698,000 Net assets On June 1, Renn's accounts receivable had a fair value of $155,000. Additionally, Renn's in-process research and development was estimated to have a fair value of $235,000. 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 $41,000. $151,000. $69,000. $374,000