Required information [The following information applies to the questions displayed below.] On January 4, David Company acquired all of the net assets (assets and liabilities) of William Company for $134,000 cash. The two companies merged, with David Company surviving. On the date of acquisition, William's balance sheet included the following. The property and equipment had a fair value of $55,000. William also owned an internally developed patent with a fair value of $5,000 (thus, not recorded as an asset on William's balance sheet). The book values of the cash and liabilities were equal to their fair values. Required: 1. How much goodwill was involved in this merger