Janzen Corporation acquired all of the outstanding common stock of Steinbeck Corporation for $11,020,000 in cash. The book values and fair values of Steinbeck's assets and liabilities were the following: Accounts receivable Land Equipment Book Value $ 1,305,000 1,205,000 6,805,000 205,000 1,705,000 Fair Value $ 1,105,000 1,505,000 7,905,000 1,205,000 1,705,000 Patent Accounts payable Required: 1. Calculate the amount paid for goodwill. 2. Record the acquisition of Steinbeck Corporation. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the amount paid for goodwill. Goodwill < Required 1 Required 2 >