E2.6 Goodwill and Bargain Purchase Panda Corporation paid $2,000,000 in cash for all of Sim Corpora- tion's assets and liabilities in a merger. The following table shows three possible cases for the merger. LO 1,4 Fair Value Account Case 1 Case 2 Case 3 Current assets. Plant assets ..... Identifiable intangible assets .... Liabilities. ... Fair value of identifiable not assets .......... $ 400,000 750,000 900.000 (800,000) $1,250,000 $ 100,000 300,000 200,000 (900,000) $(300,000) $ 300,000 2,000,000 800,000 (1,000,000) $2,100,000 Required In each of the above cases, prepare the journal entry Panda makes to record the acquisition