-- Exercises - Protected View - Saved Search References Mailings Review View Help in viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing of date. Please sign in as he******@outlook.com so we can verify your subscription Sign In . .2 3. 4 .5 .6 . 7.. Exercise 3: Goodwill Kelly Company purchased Stevens Company for $50,000,000. The assets of Stevens had a book value of $60,000,000 and a market value of $70,000,000 at the time of purchase. The liabilities of Stevens had both a book value and market value of $40,000,000 Part A: Compute the amount Kelly paid for goodwill Part B: Below are the accounts and whether they will be debited credited in the journal entry by Kelly to record the purchase of Stevens-identify the amounts in the entry Assets (various accounts) Goodwill Liabilities (various accounts) Focus