ters 4-7) Saved Help Save & Exit The balance sheet of Cattleman's Steakhouse shows assets of $87.200 and liabilities of $14,300. The fair value of the assets is $90,500 and the fair value of its liabilities is $14,300. Longhom paid Cattleman's $83,720 to acquire all of its assets and liabilities. Longhom should record goodwill on this purchase of Multiple Choice $3,480 $0,200 $10.820 $2,520