) Longhorn Co. paid Caldwell Inc. $128,000 to acquire all its assets and liabilities. The balance sheet of Caldwell shows assets of $99,600 and liabilities of $26,000. The fair value of Caldwell's assets is $106,500 and the fair value of its liabilities is $26,000. Longhorn should record goodwill on this purchase of: a. $21,500. b. $31,100. c. $78,600. d. $47,500.