Acquisition with goodwill. Smith Company is acquired by Roan Corporation on July 1, 2015. Roan exchanges 60,000 shares of its $1 par stock, with a fair value of $18 per share, for the net assets of...

Acquisition with goodwill. Smith Company is acquired by Roan Corporation on July 1, 2015. Roan exchanges 60,000 shares of its $1 par stock, with a fair value of $18 per share, for the net assets of Smith Company.

Roan incurs the following costs as a result of this transaction:

The balance sheet of Smyth Company, on the day of the acquisition, is as follows:

The appraised fair values as of July 1, 2015, is as follows:

Record the acquisition of Smyth Company on the books of Radar Corporation.