hunt company is considering purchasing a competing company in order to expand its market share. estimates of the excess of the value of the individual assets, less liabilities to be assumed, range from $50,000 to $60,000, depending on the manner in which that excess is calculated. hunt believes it can purchase the competitor for a direct cash outlay of $700,000, which is only $25,000 more than the value of the individual assets less the liabilities that hunt will assume. assuming hunt makes the purchase for $700,000, at what amount should goodwill be recorded?