Jernigan Corp Several of Jernigan's Accounts Have Fair Values That Differ from l

Jernigan Corp.had the following account balances at 12/1/10:
$\begin{array} { l r } \text { Receivables } & \$ 96,000 \\\text { Inventory } & 240,000 \\\text { Land } & 720,000 \\\text { Building } & 600,000 \\\text { Liabilities } & 480,000 \\\text { Common stock } & 120,000 \\\text { Additional paid-in capital } & 120,000 \\\text { Retained earnings, } 12 / 1 / 10 & 840,000 \\\text { Revenues } & 360,000 \\\text { Expenses } & 264,000\end{array}$
Several of Jernigan's accounts have fair values that differ from book value.The fair values are: Land - $480,000;Building - $720,000;Inventory - $336,000;and Liabilities - $396,000.
Inglewood Inc.acquired all of the outstanding common shares of Jernigan by issuing 20,000 shares of common stock having a $6 par value,but a $66 fair value.Stock issuance costs amounted to $12,000.
Required:
Prepare a fair value allocation and goodwill schedule at the date of the acquisition.