Vector Advertising paid $200,000 to acquire Up State Report, a weekly advertising paper. At the time of the acquisition, Up State Report's balance sheet reported total assets of $70,000 and liabilities of $40,000. The fair market value of Up State Reports assets was $50,000. The fair market value of Up State Reports liabilities was $40,000 Read the requirements. Requirement 1. How much goodwill did Vector Advertising purchase as part of the acquisition of Up State Report? Purchase price to acquire Up State Report Market value of Up State Report's assets ... 1. IIDI D Less. Market value of Up State Report's liabilities Less: Market value of Up State Report's net assets Goodwill Vector Adv Up State R Up State R paper. At the time of the acquisiti 10,000. The fair market value of abilities was $40,000. Read the Requireme the explana Assets Cash Equity Gain on Disposal Goodwill Liabilities Loss on Disposal Notes Payable Coru depis ISL Urencreunissen Date Debit Credit