Example 10-3: Suppose Big K purchased 8,000 shares (100 percent of shares outstanding) of Little paying $10,000 in cash and issuing (and distributing to Little K's shareholders) 5,000 shares with par value of $1 and total market value of $41,200. The fair value of Little K's identifiable assets/liabilities are as follows: Cash Accounts Receivable 9,000 Long-term Notes Payable 17,000 Inventory Equipment $6,000 Accounts Payable15,000 8,000 45,000 What's the amount ofgoodwill Big K should recognize? What's the journal entry