On March 31, 2012, the New Harvest Bakery Acquired All

On March 31, 2012, the New Harvest Bakery acquired all the outstanding common stock of Red Rock Bakery for $68,000 in cash. The book values and market values of Red Rock's assets and liabilities were as follows: $$\begin{array} { l r r } & \text { Book Value } & \text { Fair Value } \\\text { Current assets } & \$ 24,000 & \$ 30,000 \\\text { Property, plant, and equipment } & 44,000 & 56,000 \\\text { Other assets } & 4,000 & 6,000 \\\text { Current liabilities } & 16,000 & 16,000 \\\text { Long-term liabilities } & 24,000 & 22,000\end{array}$$ Calculate the amount paid for goodwill.