1. Compute the cost of the goodwill purchased by PTL. 2. Explain how PTL will account for goodwill in future years. PTL, Inc., dominates the snack-food industry with its Salty Chip brand. Assume that PTL purchased Red River Chips Company for $5.5 million cash. The market value of Red River Chips' assets is $6 million, and Red River Chips has liabilities with a market value of $4.0 million. Read the requirements. Reauirement 1. Comoute the cost of the aoodwill burchased bv PTL. (Enter amounts