Question 11 (8 points) Riley Inc's Book Riley Inc's Remaining Value Market Value Useful Life for Account 12/31/15 12/31/15 Riley Inc's Assets S 110.000 S 95,000 Current Assets 290,000 S 360.000 Land Buildings net 500,000 S 1,200,000 10 Equipment S 680,000 500,000 5 Current Liabilities 90,000 90,000 Long Term nabilities 300,000 300,000 Common Stock 150,000 Paid In Capital 860,000 RE-1115 180,000 Refer to the information in the table above. On December 31, 2015, Scotty Corporation paid $1,800,000 to purchase 100% of Riley Inc. Riley maintained separate incorporation. Scotty used the equity method to account for the investment In addition, Riley earned net income for 2016 of $180,000 and paid dividends of $40,000 during 2016. 1. On the 2016 Consolidated Balance Sheet, what is the amount of Good related to this acquisition