Roland acquires 70% of Felix on January 1, 2011. The terms of purchase are Roland pays to Felix shareholders 70,000 shares of Roland common stock with a market value of $20 per share. The remaining 30,000 shares of Felix were trad at $15 both just before the acquisition date and right after the acquisition date.

C. Calculate business fair value

D. Assume that 100% of the fair value of net assets acquired was $1,200,000. How much is goodwill