Inc. Tot 15. Igloo Corporation purchased Sunshine, Inc. for $800,000. Igloo had three assets and one liability on the tion W date of purchase. They are as follows: of purs Account Book value Fair value Accounts Receivable $48,000 $ 40,000 Land $20,000 $500,000 Copyright $12,000 $300,000 Accounts Payable $40,000 $ 40,000 Which of the following is the amount of goodwill to be reported in this transaction? a. $-0- b. $80,000 c. $40,000 d. $120,000 I e. $760,000 --Q tudy ti e com