chapter 10-2 6 Help Save& Exit Sub Check my work Johnson Corporation acquired all of the outstanding common stock of Smith Corporation for $12,680,000 in cash The book value of Smith's net assets (assets minus liabilities) was $9,200,000. The fair values of all of Smith's assets and liabilities were equal to their book values with the following exceptions: Book Value Fair Value 2,700,000 2,360,000 9,400,000 10,940,000 340,000 1,480,000 Receivables Property, plant, and equipment Intangible assets Required: es Calculate the amount paid for goodwill 8 0