On June 1, Cline Co. paid $977,000 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 $ 154,000 289,000 354,000 164,000 (164,000) $ 797,000 On June 1, Renn's accounts receivable had a fair value of $232,000. Additionally, Renn's in-process research and development was estimated to have a fair value of $247,000. 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