What is the amount of goodwill? * (2 Points) White Company is negotiating to acquire the net assets of Black Company. White is willing to pay for goodwill computed by capitalizing at 25% Black's average earnings in excess of the 10% normal return based on appraised value of net assets. Black's income for the past three years average P3,000,000. Black's assets and liabilities are: Assets, excluding goodwill Liabilities Book value P30,000,000 10,500,000 Appraised value P39,000,000 10,500,000