United purchased 100% of the voting stock of Jet Blue for $1,000,000 in cash on January 1, 2018. On January 1 2018, the following information list of account balances as of Jan 1, 2018). Jet Blue Book Values T Jet Blue Fair Values Current Assets $ 100,000 $ 100,000 Common Stock $ 20,000 $ 20,000 Land $ 50,000 $ 100,000 Additional Paid In Capital $ 200,000 $ 200,000 Equipment $ 400,000 $ 600,000 Retained Earnings $ 600,000 $ 600,000 nd: What is the excess fair value paid for this acquisition, if any? If you need more information to answer this question, write "need more in T T Paragraph Arial Q EESE tushups - 1@2 3 (12pt) E. E T.. ! T' T.PET - - - - 2 9 TLESS