Brief Exercise 12-05 On September 1, 2020, Monty Corporation acquired Teal Mountain Enterprises for a cash payment of $790,000. At the time of purchase, Teal Mountain's balance sheet showed assets of $600,000, liabilities of $200,000, and owners' equity of $400,000. The fair value of Teal Mountain's assets is estimated to be $890,000. Compute the amount of goodwill acquired by Monty. Value assigned to goodwill Click if you would like to Show Work for this question: Open Show Work