Johnson Corporation issues 50,000 shares of its common stock for all of the outstanding shares of Smithson, Inc. Johnson's shares have a par value of $4 and a market value of $19 per share. If Smithson's net assets have book values and fair values of $440,000 and $560,000, respectively, what is the resulting amount of goodwill recognized on the post-acquisition balance sheet? a. $510,000 b. $120,000 c. $390,000 d. $-0- Johnson Corporation issues 50,000 shares of its common stock for all of the outstanding shares of Smithson, Inc. Johnson's shares have a par value of $4 and a market value of $19 per share. If Smithson's net assets have book values and fair value of $700,000 and $1,100,000, respectively, what is the resulting amount of goodwill recognized on the post-acquisition balance sheet? a. $390,000 b. $240,000 c. $150,000 d. $-0