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The following financial statement information is for an investor company and an investee company on January 1, 2020. On January 1, 2020, the investor companys

The following financial statement information is for an investor company and an investee company on January 1, 2020. On January 1, 2020, the investor companys common stock had a traded market value of $36 per share, and the investee companys common stock had a traded market value of $28 per share.

Book Values Fair Values
Investor Investee Investor Investee
Receivables & inventories 90,000 55,000 121,000 35,000
Land 210,000 125,000 321,000 150,000
Property & equipment 305,000 101,000 297,000 85,000
Trademarks & patents - - 160,000 82,000
Total assets 605,000 281,000 899,000 352,000
Liabilities 156,000 82,000 170,000 98,000
Common stock ($1 par) 27,000 11,000
Additional paid-in capital 331,000 173,000
Retained earnings 91,000 15,000
Total liabilities & equity 605,000 281,000
Net assets 449,000 199,000 729,000 254,000

Assume that the investor company issued 9,800 new shares of the investor companys common stock in exchange for all of the investee companys common stock. The financial information presented, above, was prepared immediately before this transaction. Provide the Investor Companys balances (i.e., on the investors books, before consolidation) for Goodwill immediately following the acquisition of the investees net assets:

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