Required information P8.9 (Static) Computing Goodwill from the Purchase of a Business and Related Depreciation and Amortization LO8-3, 8-6 [The following information applies to the questions displayed below] The notes to o recent annuol report from Suzie's Shoe Corporation indicated that the company acquired another company. Steve's Shoes, Inc. Assume that Suzie's acquired Steve's Shoes on January 5 of the current year. Suzie's acquired the name of the company ond all of its assets for $750,000 cash. Suzie's did not assume the liabilities. The transaction was closed on January 5 of the current year, at which time the balonce sheet of Steve's Shoes reflected the following book values. An independent appraiser estimated the following market values for the assets. P8-9 Part 1 Required: 1. Compute the amount of goodwill resulting from the purchase. (Hint: Assets are purchased at market value in conformity with the cost principle.)