QUESTION 2 Rockport Refinery acquired all the outstanding common stock of Stellman Corporation for $68,000 in...

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QUESTION 2 Rockport Refinery acquired all the outstanding common stock of Stellman Corporation for $68,000 in cash. The book values and fair values of Stellman's assets and liabilities were as follows: Book Fair Value Value Current assets $24,000 $30,000 Property, plant, and equipment 44,000 56,000 Other assets 4,000 6,000 Current liabilities 16,000 16.000 Long-term liabilities 24,000 22,000 Required: show your work 10 points Calculate the amount Rockport would record for goodwill. QUESTION 2 Rockport Refinery acquired all the outstanding common stock of Stellman Corporation for $68,000 in cash. The book values and fair values of Stellman's assets and liabilities were as follows: Book Fair Value Value Current assets $24,000 $30,000 Property, plant, and equipment 44,000 56,000 Other assets 4,000 6,000 Current liabilities 16,000 16.000 Long-term liabilities 24,000 22,000 Required: show your work 10 points Calculate the amount Rockport would record for goodwill.