On June 1, Cline Co. paid $800,000 cash for all of the issued and outstanding common stock of Renn Corp. The carrying amounts for Renn's assets and liabilities on June 1 follow:
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| Cash |
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$ |
150,000 |
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| Accounts receivable |
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180,000 |
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| Capitalized software costs |
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|
320,000 |
|
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| Goodwill |
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|
100,000 |
|
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| Liabilities |
|
|
(130,000 |
) |
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|
|
|
|
|
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| Net assets |
|
$ |
620,000 |
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On June 1, Renn's accounts receivable had a fair value of $140,000. Additionally, Renn's inprocess research and development was estimated to have a fair value of $200,000. All other items were stated at their fair values. On Cline's June 1 consolidated balance sheet, how much is reported for goodwill?