Problem 7-3B Calculate and record goodwill (LO7-2) Northern Equipment Corporation purchased all the outstanding common stock of Ploneer Equipment Rental for $5,430,000 in cash. The book values and fair values of Pioneer's assets and liablities were: Required: 1. Colculate the amount Northern Fquipment should report for goodwilt. 2. Record Northern Equipment's acquisition of Ploneer Equipment Rental. (If no entry is required for a transaction/event, select "No foumal entry required" in the first eccount field.) Journal entry worksheet Record the acquisition of Pioneer Equipment itental Wute inter ontats before credas