Required information The flowing information applies to the questions played below) On January 4 David Company acquired all of the net assets (assets and liabilities of William Company for $142.000 cash The two companies merged with David Company surviving on the date of acquisition War's balance sheet cluded the following 130.000 al - Caab Property Tod Listi 15) Natur 2,000 10.00 11.000 The property and equipment had a fair value of $71000 Williams owned an internally developed patent with a fair value of $7000 hus not recorded as an asset on William's balance sheet The book values of the cash and liabilities were equal to the fair values Required: 1. How much goodwill was involved in this merger! Answer is complete but not entirely correct. Dead 55.000