Plum Corporation paid $700,000 for a 40% interest in Satin Company on January 1, 2013 when Satin's stockholders' equity was as follows: 10% cumulative preferred stock, $100 par Common stock, $10 par value Other paid-in capital Retained earnings Total stockholders' equity $500,000 < 300,000 < 400,000 < 800,000 < $2,000,000 On this date, the book values of Satin's assets and liabilities equaled their fair values and there were no dividends in arrears. Calculate the amount recorded in the Investment in Satin Company $700,000 $150,000 $2,000,000 $500,000 Question 6 Compute the amount of implied Goodwill in this transaction. $500,000 $100,000 $600,000 $2,000,000 1 pts