Determining the Initial Value of Goodwill On April 1, Penn Corporation purchased all the assets and assumed all the liabilities of Suber Company for $210,000 cash. Suber's total identifiable asset values follow: Suber's book value, $300,000; estimated fair value, $345,000. Suber's total liabilities were $157,500 (fair value and book value). Required Calculate the amount of goodwill included in the purchase price paid by Penn Corporation on April 1