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TB EX Qu. 7-193 New Harvest Bakery acquired... New Harvest Bakery acquired all the outstanding common stock of Red Rock Bakery for $73,800 in cash.

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TB EX Qu. 7-193 New Harvest Bakery acquired... New Harvest Bakery acquired all the outstanding common stock of Red Rock Bakery for $73,800 in cash. The book values and fan values of Red Rock's assets and liabilities were as follows: Current assets Property, plant, and equipment Other assets Current liabilities Long term liabilities Book Value Fair value $26,300 $27,599 19,900 45.100 4,000 4.500 11,700 15,500 22,500 20.700 Calculate the amount paid for goodwill. Goodwi

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