REFERENCE: Ref.02_03 the Financial Statements for Goodwin,Inc. ,And Corr Company for the for the Year
REFERENCE: Ref.02_03
The financial statements for Goodwin,Inc. ,and Corr Company for the year ended December 31,20X1,prior to Goodwin's business combination transaction regarding Corr,follow (in thousands) : 
On December 31,20X1,Goodwin issued $600 in debt and 30 shares of its $10 par value common stock to the owners of Corr to purchase all of the outstanding shares of that company.Goodwin shares had a fair value of $40 per share.
Goodwin paid $25 to a broker for arranging the transaction.Goodwin paid $35 in stock issuance costs.Corr's equipment was actually worth $1,400 but its buildings were only valued at $560.
-Assuming the combination is accounted for as an acquisition,compute the consolidated goodwill account at December 31,20X1.
Definitions:
Population Mean
The mean value of every number within a given population.
Population Proportion
The fraction or percentage of a population that displays a particular attribute or characteristic.
Margin of Error
A measure indicating the range of values above and below a sample statistic in a confidence interval.
Point Estimate
A single value derived from sample data that serves as a best guess or best estimate of a population parameter.
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