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On March 3 1 , 2 0 2 5 , Blossom Company paid $ 5 , 9 7 1 , 0 0 0 to acquire

On March 31,2025, Blossom Company paid $5,971,000 to acquire all of the common stock of Drive Incorporated, which became a
division of Blossom. Drive reported the following balance sheet at the time of the acquisition:
It was determined at the date of the purchase that the fair value of the identifiable net assets of Drive was $4,410,000. Over the next 9
months of operations, the newly purchased division experienced operating losses. In addition, it now appears that it will generate
substantial losses for the foreseeable future. At December 31,2025, Drive reports the following balance sheet information:
Finally, it is determined that the fair value of the Drive Division is $4,570,000 on December 31,2025.
(a)
Compute the amount of goodwill recognized, if any, on March 31,2025.(If answer is zero, do not leave answer field blank. Enter 0 for
the amount.)
The amount of goodwill $
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