Multiple Select Question Select all that apply Carlin & Associates Inc. purchased 20% of the outstanding shares of Ice Ltd. For $244,000. The investment is being accounted for using the equity method. The net assets of Ice Ltd. follows: Book value Fair value Difference 20% of difference Cash & receivables 120,000 120,000 0 0 PPE (15 yrs remaining life) 420,000 725,000 305,000 61,000 Land 200,000 300,000 100,000 20,000 Liabilities 85,000 85,000 0 0 Total 655,000 1,060,000 405,000 81,000 Which of the following items represent the purchase price of $244,000? Multiple select question. 20% of excess of book value over fair value $81,000 Goodwill of $113,000 Goodwill of $163,000 20% of book value $131,000 Goodwill $32,000