Use the following to answer question 6: World Corporation purchased the net assets of MomPop Company on December 31, 2017. The balance sheet of MomPop Company just prior to acquisition is: Assets Cost FMV Cash AR Inventory Equipment Patents Total $15,000 72,000 130,000 60,000 0 $277,000 $15,000 72,000 144,000 90,000 22,000 Liabilities and Equities A/P $30,000 47,000 Notes Payable Common Stock Retained Earnings Total $30,000 47,000 150,000 50,000 $277,000 6. Indicate whether (1) goodwill or gain is recognized and (2) the amount, if the purchase price was $300,000