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onal $8,710 related statements model. ndependent assum activities, and "IA lls require input.) a. The expenditure was for routine maintenance. b. The expenditure extended the compressor's life. c. The expenditure improved the compressor's operating capacity. Arizona Corporation acquired the business Data Systems for $305,000 cash and assumed all liabilities at the date of purchase. Data's books showed tangble assets of $310,000, liabilities of $16,000, and stockholders' equity of $294,000. An appraiser assessed the fair market value of the tangible assets at $295,000 and liabilities at $16,000 at the date of acquisition. Arizona Corporation's financial condition just prior to the acquisition is shown in the following statements model. Required 0. Compute the amount of goodwill acquired. b. Record the acquisition in a financial statements model. Arizona Corporation's financial condition just prior to the acquisition is shown in the financial statements model. d. Record the acquisition in general journal format. Compute the amount of goodwill acquired. Record cash paid for acquisition of assets and liabilities. Note: Enter debits before credits