Exercise $10-7($Static$)$ Goodwill $[$LO$10-1]$

Janzen Corporation acquired all of the outstanding common stock of Steinbeck Corporation for $$11,000,000$ in cash. The book values and fair values of Steinbeck's assets and liabilities were the following:

$\backslash$table$[[,$Book Value,Fair Value$],[$Accounts receivable,$$1,300,000,$$$1,100,000$