USE THE FOLLOWING INFORMATION:

Motown Corporation acquires Max Corporation on $4/15/$XX$.$ Information regarding the purchase is as follows:

Total Purchase Price

$$4,710,600$

Book

Asset

Accounts Receivable

Property, Plant & Equipment

Inventory $-($LIFO$)$

Intangibles

Liabilities

Total

Total

$24.)$ Compute the amount allocated to Goodwill.