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Stillman Company is considering purchasing EKC Company. EKC's balance sheet at December 31, 2019, is as follows: At December 31, 2019, Stillman discovered the following about EKC: a. No allowance for uncollectible accounts has been established. An allowance of $6,000 is considered appropriate. b. The LIFO inventory method has been used. The FIFO inventory method would be used if EKC were purchased by Stilman. The FIFO inventory valuation of the December 31,2019 , ending inventory would be $202,000. c. The fair value of the property, plant, and equipment (net) is $760,000. d. The company has an unrecorded patent that is worth $100,000. e. The book values of the current liabilities and bonds payable are the same as their market values. Required: 1. Compute the value of the goodwill if Stilman pays $1,459,000 for EKC. s 2. Next Level Why would the book value of a company's identifable net assets differ from its market value? Acquirer paid too much. Assets listed on the balance sheet at amounts different from their market value. Identifiable intangible assets may be unrecorded or undervalued. All of the choices are correct