7. Balance sheet information for Company at January 1, 2011, is summarized as follows: Current assets $230,000 Liabilities $300,000 Plant assets 450,000 Capital stock $10 par 200,000 Retained earnings 180,000 $680,000 $680,000 Sinc assets and liabilities are fairly valued except for plant assets that are undervalued by $50,000. On January 2, 2011, P Corporation issues 20,000 shares of its $10 par value common stock for all of 5 inc net assets and sinc is dissolved. Market quotations for the two stocks on this date are Pinc common $28.00 Sinc common $19.50 Pinc pays the following fees and costs in connection with the combination: Finder's fee $10,000 Legal and accounting fees 6,000 Required 1. Calculate Pinc investment cost of 5 Corporation 2 Calculate any goodwill from the business combination (6 Points)