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On September 1, 2021, Oriole Corporation acquired Pharoah Enterprises for a cash psyment of $721.600. At the time of purchases, Pharoah's balance sheet showed assets

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On September 1, 2021, Oriole Corporation acquired Pharoah Enterprises for a cash psyment of $721.600. At the time of purchases, Pharoah's balance sheet showed assets of $536,800, liabilities of $211,200, and owner's equity of $369,600. The fair value of Pharoah's assets is estimated to be $853,600. Compute the amount of goodwill acquired by Oriole. Amount of goodwill

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