Goodwill Crescent Company is considering purchasing EKC Company. EKC's balance sheet at December 31, 2019, is as follows: Cash $55,000 Current liabilities $57,000 Accounts receivable 65,000 Bonds payable 233,000 Inventory 110,000 Common stock 305,000 Property, plant, and equipment (net) 630,000 Retained earnings 265,000 $860,000 $860,000 At December 31, 2019, Crescent discovered the following about EKO a. No allowance for uncollectible accounts has been established. An allowance of $5,000 is considered appropriate. b. The LIFO Inventory method has been used. The FIFO inventory method would be used if EKO were purchased by Crescent. The FIFO inventory valuation of the December 31, 2019, ending Inventory would be $173,000. C. The fair value of the property, plant, and equipment (net) is $750,000 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 thu valle of the goodwill creshant pays $1,333,000 for EKC 5 609,280X 2 Next Level Why would the book value of a company s identifiable net assets differ from its market value Assets listed on the balance sheet at amounts different from their market value X