On January 1,2015,IB Corporation purchased 30 percent of the outstanding common shares,no-par,of CXT at $2 per share.CXT data on this date were as follows: Additional data for CXT,at end of accounting period December 31,2015: (Significant influence is in existence)
2015 net income was $10,000; total 2015 cash dividends declared and paid was $4,000.
Required:
1.The goodwill purchased was $_____________________.
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