Rockingham, Corp, aggressively acquires other companies. Assume that Rockingham, Corp., purchased Lawrence, Inc., for $1,525,000 cash. The market value of Lawrence's assets is $1,900,000, and it has liabilities with a market value of $550,000. Read the requirements. Requirement 1. Compute the cost of goodwill purchased by Rockingham, Corp. Cost of goodwill purchased: Less: Market value of Lawrence net assets: Less: Cost of goodwill purchased