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Routing Solutions paid $223,000 to acquire Tabletz, Inc., an electronic gadget-advertising website. At the time of the acquisition, Tabletz's balance sheet reported total assets of

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Routing Solutions paid \$223,000 to acquire Tabletz, Inc., an electronic gadget-advertising website. At the time of the acquisition, Tabletz's balance sheet reported total assets of $223,000 and liabilities of $111,500. The fair market value of Tabletz's assets was $223,000. The fair market value of its liabilities was $111,500. How much goodwill did Routing Solutions purchase as part of the acquisition of Tabletz? A. $55,750 8. $111,500 C. $167,250 D. $223,000

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