Crane Holdings Ltd. purchased the net assets of Blossom BBQ Ltd. in early January 2024 for $6,033,000. Crane Holdings had appraisals conducted which indicated that the fair values of the assets purchased and liabilities assumed were as follows: The patent acquired has 15 years remaining in its useful life. Crane's management determined that it would contribute to the generation of revenues for 8 years after which it would be obsolete. (a) Determine the amount of goodwill Crane Holdings acquired in the purchase