Question ID: 06 On September 1, 2020, Beerbo Corporation acquired CoronaBirus Inc. for a cash payment of $700,000. At the time of purchase, CoronaBirus' balance sheet showed assets of $620,000, liabilities of $200,000, and owners' equity of $420,000. The fair value of CoronaBirus' assets is estimated to be $800,000. Assume Beerbo has a December 31 fiscal year-end. Input dollar amounts with commas, rounded to the nearest dollar. What is the book value of CoronaBirus' net assets (before the acquisition)? $ What is the fair value of CoronaBirus' net assets (before the acquisition)? $ What is the purchase price for CoronaBirus Inc.? $ How much goodwill must Beerbo record as a result of the acquisition? $