Part B: (6 points): Al, m, 1)3: At the beginning of 2021 , the net book value of Smith Group assets was $500,000 and the net fair market value is $550,000. At that date, the company received an offer from Taylor Wimpey firm to purchase the net assets by $650,000. Instruction:

Calculate the goodwill

(3 Points) Record the Goodwill ifyou have the following accounts at FMV: (3 Points) Account receivables 200,000; Bonds 50,000; Inventories and Land 300,000