Use the following information to answer questions 15-16

[The following information applies to the questions displayed below.]

On July 1, TruData Company issues 10,800 shares of its common stock with a $5 par value and a $42 fair value in exchange for all of Webstat Companys outstanding voting shares. Webstats precombination book and fair values are shown below along with book values for TruDatas accounts.

TruData

Webstat

Webstat

Book Values

Book Values

Fair Values

Revenues (1/1 to 7/1)

$(257,250)

$(137,000)

Expenses (1/1 to 7/1)

188,500

96,500

Retained earnings, 1/1

(134,000)

(150,500)

Cash and receivables

136,500

42,000

$ 42,000

Inventory

201,500

150,000

186,000

Patented technology (net)

249,750

127,000

163,400

Land

411,750

248,500

286,900

Buildings and equipment (net)

111,750

95,250

95,250

Liabilities

(598,500)

(371,750)

(351,550)

Common stock

(300,000)

(70,000)

Additional paid-in capital

(10,000)

(30,000)

1.	On its acquisition-date consolidated balance sheet, what amount should TruData report as goodwill?
	$0. $31,600. $55,300. $120,300