MN Corporation investigates XY's underlying assets to determine their fair values: $307,500 27,000 183,000 Fair Values Property, plant and equipment, net Patents Inventories Receivable Cash Liabilities Fair value of net assets 52,500 37,500 (82,500) S525,000 XY Company decides to accept MN Corporation's offer of $600,000. Required: a. Calculate the fair value of net assets. b. Calculate the value of goodwill