Problem #5 (20 points) On January 1, 2021, Lopez, Inc. acquired 100% of Mason Corp.'s outstanding common stock by exchanging 40,000 shares of Lopez's $1 par value common voting stock. On January 1, 2021, Lopez's voting common stock had a fair value of $42 per share. Mason's voting common shares were selling for $8.00 per share. Mason's balances on the acquisition date, just prior to acquisition are listed below. Book Value Fair Value Cash $ 30,000 $ 30,000 Accounts Receivable 120,000 $120,000 Inventory 200,000 235,000 Land 230,000 280,000 Building (net) 450,000 590,000 Equipment (net) 175,000 150,000 Accounts Payable (80,000) (80,000) Common Stock, $1 par (500,000) Paid-in Capital (350,000) Retained Earnings, 1/1/21 (275,000) Required: Compute the value of Goodwill resulting from the acquisition