Janzen Corporation acquired all of the outstanding common stock of Steinbeck Corporation for $$11,040,000$ in cash. The book values

and fair values of Steinbeck's assets and liabilities were the following:

Required:

Calculate the amount paid for goodwill.

Record the acquisition of Steinbeck Corporation.

Complete this question by entering your answers in the tabs below.

Calculate the amount paid for goodwill.

Goodwill