7. B Company purchased a division of K Company for the ama Company: owing is the Balance Sheet of the division of K 100,000 220,000 Cash Accounts Receivable Inventory Equipment net Trademarks Notes Payable Stockholders Equity 50,000 90,000 100,000 70,000 10,000 Total Assets Total Liabilities & Equity 320,000 320,000 Upon evaluating the balanc e sheet of K Company, B Company determined that the fair val ue of the equipment is $60,000 and the fair value of trademarks is $15,00o. Required: Determine the amount of Goodwill a will recognize. ssociated with this purchase that B Company