Jenks corporation acquired linebrink products on january 1, 2019 for $8,000,000, and recorded goodwill of $1,700,000 as a result of that purchase. at december 31, 2019, the carrying value of linebrink products’s net identifiable assets (including goodwill) is $7,500,000. an independent valuation firm estimates linebrink products to have a fair value of $6,800,000. what amount of goodwill should jenks report on its 2019 balance sheet (after goodwill impairment has been recorded)?

Sean lives in dallas and runs a business that sells boats. in an average year, he receives $722,000 from selling boats. of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. he owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if sean does not operate this boat business, he can work as a paralegal, receive an annual salary of $21,000 with no additional monetary costs, and rent out his showroom at the $2,000 per year rate. no other costs are incurred in running this boat business.identify each of sean's costs in the following table as either an implicit cost or an explicit cost of selling boats.implicit costexplicit costthe wages and utility bills that sean pays the rental income sean could receive if he chose to rent out his showroom the salary sean could earn if he worked as a paralegal the wholesale cost for the boats that sean pays the