Question 16 Northern purchased the entire business of Southern including all its assets and tables for $1,080,000 on December 31, 2021. Below is information related to the two companies at the date: Fair value of assets Fair value of liabilities Reported assets Reported liabilities Net Income for the year Northam Southam $1,890,000 $1.440,000 945.000 540,000 1.400.000 1.170.000 300.000 450,000 108,000 90.000 How much goodwil od Northern pay for acquiring Southem? $100.000 $540,000 $360,000 $270,000