TXL$.$ Publishing paid $$230,000$ to acquire Tn Town Dally, a weekly advertising paper. At the time of the acquisition. Tn Town Daily's balance sheet reported total assets of $$140,000$ and liabilities of $$80,000.$ The fair market value of Tri Town Daily's assets was $$110,000.$ The fair market value of Tri Town Daily's liabilities was $$80,000.$

Read the requirements.

Requirement $1.$ How much goodivill did TXL Publishing purchase as part of the acquisition of Tri Town Dsily?

Purchase price to acquire Tri Town Daily

Market value of Tri Town Daily's assets

Less. Market value of Tn Town Daily's liabilities

Less Market value of Tn Town Daily's net assets

Goodwill