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How much should be recorded as goodwill for the transaction

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Annapolis Company was recently sold for $450,000. Annapolis had assets & liabilities appraised at the time of the sale in the amounts of:

Item                                                                Amount
Accounts Receivable assumed by buyer      $123,000
Inventory                                                $280,000
Property, Plant & Equipment (net)               $565,000
Notes Payable assumed by buyer                  $645,000

Problem 1: Using this information, how much should be recorded as Goodwill for this transaction?

Reference no: EM132794116

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