3 a! On January 1, 2020, Bravo reports the following balance sheet information: Account Current Assets Book Value $50,000 Long-term assets $100,000 Current Liabilities $20,000 Long-term liabilities $75,000 Equity $55,000 Fair Value $50,000 $175,000 $20,000 $80,000 12 21 On that date, Alpha paid $160,000 to acquire 100% of Bravo. How much goodwill was associated with this acquisition? $35,000 $40,000 to search $90,000 T 3' 740 PM Rain