9. Patent Corp., a publicly accountable entity, purchased a company with the following assets and liabilities for $100,000:

	Carrying value	Fair value
Cash	10,000	10,000
Inventories	18,000	17,000
Property, plant and equipment	12,000	10,000
Intangible assets	32,000	40,000
Accounts payable	15,000	15,000
Long-term liabilities	10,000	15,000
Equity	47,000

How much goodwill should be recorded?

1. $47,000
2. $53,000
3. $70,000
4. $100,000