1. 4. Goodwill Tesla Inc. purchased Twitter on 4/28/2022 paying $ 42 billion. The sum of the market value of Twitter's assets totaled 700,000,000 and its liabilities totaled $ 290,000,000. Required: a. Calculate the Goodwill amount b. Record the transaction in the Buyer's accounting books. 5. Distribution of Income for Partnerships Julia Green invested $125,000 and Michael Spencer invested $ 80,000 in forming a partnership company and the information to calculate their 2021 net income is as follows: a. Salary Allowances: Julia-3,000 monthly, Michael= 5,000 monthly b. Interest Allowance: 10% on investment c. Any remaining balance will be allocated on the investment ratio. d. 2021 net income= $300,000 Required 1. Calculate the 2021 income for each partner 2. Journal entry