Chapter 10 Homework 00 8 Seved Johnson Corporation acquired all of the outstanding common stock of Smith Corporation for $12,920,000 in cash. The book value of Smith's net assets (assets minus Babilities) was $9,400,000. The fair values of all of Smith's assets and liabilities were equal to their book values with the following exceptions: Receivables Property, plant, and equipment Intangible assets Book Value $2,900,000 9,600,000 360,000 Fair Value $2,540,000 11,160,000 1,520,000 poin 0059.45 Required: Calculate the amount paid for goodwill. eflook Goodwill Pint References