Determine the amount of goodwill that should be reported on the Pac's consolidated balance sheet immediately after this business combination: On January 1, 2018, Pac Co. issued 60,000 shares of its $1 par value common stock for all of Safe Company's outstanding common stock. Pac's common stock has a $20 per share fair value at the date of the transaction. In addition, on the acquisition date: Pac issued stock options with a fair value of $500,000 to Safe's employees. Pac determined that the fair value of stock options granted attributable to pre-combination service rendered by the employees was $300,000. The remaining fair value of $200,000 was granted for post-combination service to be rendered by the employees over the next 10 years. Pac contracts with the selling Safe Co. stockholders to pay (on April 1, 2019) an additional $180,000 in cash if 2018 consolidated net income is greater than $600,000. The fair value of this provision is $150,000 on January 1, 2018. On the acquisition date, Safe reported total equity of $700,000. The fair values of all the identifiable assets and liabilities of Safe on January 1, 2018, approximated their book values, except for intangible assets that were undervalued