Determining the Initial Value of Goodwill On April 1, Penn Corporation purchased all the assets and assumed all the liabilities of Suber Company for $84,000 cash. Suber's total identifiable asset values follow: Suber's book value, $120,000; estimated fair value, $138,000. Suber's total liabilities were $63,000 (fair value and book value). Required Calculate the amount of goodwill included in the purchase price paid by Penn Corporation on April 1. $