Problem
Amie, Inc., has 173,000 shares of $2 par value stock outstanding. Prairie Corporation acquired 51,900 of Amie's shares on January 1, 2018, for $207,600 when Amie's net assets had a total fair value of $652,350. On July 1, 2021, Prairie bought an additional 103,800 shares of Amie from a single stockholder for $6 per share. Although Amie's shares were selling in the $5 range around July 1, 2021, Prairie forecasted that obtaining control of Amie would produce significant revenue synergies to justify the premium price paid. If Amie's identifiable net assets had a fair value of $895,050 at July 1, 2021, how much goodwill should Prairie report in its postcombination consolidated balance sheet?