Need help determining and understanding the answer to part B, thank you in advance!!

Exercise 2-11 The following balance sheets were reported on January 1, 2014, for Peach Company and Stream Company: Cash Inventory Equipment (net) Total Peach $96,500 296,900 889,150 $1,282,550 Stream $18,570 107,800 366,740 493,110 Total Liabilities Common stock, $20 par value Other contributed capital Retained earnings Total $318,200 386,700 258,900 318,750 $1,282,550 $100,000 196,600 66,920 129,590 $493,110 Appraisals reveal that the inventory has a fair value of $121,440, and the equipment has a current value of $419,220. The book value and fair value of liabilities are the same. Assuming that Peach Company wishes to acquire Stream for cash in an asset acquisition, determine the following cutoff amounts: (a) Your answer is correct. The purchase price above which Peach would record goodwill. Purchase price $1 459230 (b) X Your answer is incorrect. Try again. The purchase price below which the equipment would be recorded at less than its fair market value. 406750 Purchase price su