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Question 10 (10 points) Annapolis Company was recently sold for $460,000. Annapolis had assets & liabilities appraised at the time of the sale in the

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Question 10 (10 points) Annapolis Company was recently sold for $460,000. Annapolis had assets & liabilities appraised at the time of the sale in the amounts of: Item Amount Accounts Receivable assumed by buyer $96,000 Inventory $260,000 Property, Plant & Equipment (net) $550,000 Notes Payable assumed by buyer $655,000 Using this information, how much should be recorded as Goodwill for this transaction

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