102. Grande Company purchases Enfant Company for €13,985,000 cash on January 1, 2011. The book value of Enfant Company’s net assets reported on its December 31, 2010statement of financial position was €12,620,000. Grande's December 31, 2010 analysisindicated that the fair value of Enfant's tangible assets exceeded the book value by€560,000, and the fair value of identifiable intangible assets exceeded book value by€245,000. How much goodwill should be recognized by Grande Company when recordingthe purchase of Enfant?.
