New Harvest Bakery acquired all the outstanding common stock of Red Rock Bakery for $68,000 in cash. The book values and fair values of Red Rock's assets and liabilities were as follows: Current assets- Property, plant, and equipment-- Other assets Current liabilities Long-term liabilities -Book Value $24,000 44,000 --4,000 -16,000 --24,000 -Fair Value -$30,000 -56,000 --6,000 -16,000 - 22,000 Calculate the amount paid for goodwill