Oriole Company purchases Pharoah Company for $2430000 cash ondanuary 1, 2021. The book value of Pharoah Company's net assets, as reflected on its December 31, 2020 balance sheet is $1887000. An analysis by Oriole on December 31, 2020 indicates that the fair value of Pharoah's tangible assets exceeded the book value by $184500, and the fair value of identifiable intangible assets exceeded book value by $138500. How much goodwill should be recognized by Orlole Company when recording the purchase of Pharoah Company? O $358500 $0 $220000 O $543000