2. The summarized balance sheet of Apprentice Corporation is as follows as of the s company's year end date of December 31, 2021: Apprentice Corporation Balance Sheet December 31, 2021 Assets. $ 5,813,421 Liabilities........ $ 3,488,053 Common shares........ $ 872,013 Retained earnings........... $ 1,453,355 Total liabilities and shareholders' equity... $ 5,813,421 Expert Incorporated purchased 30% of the common shares of Apprentice Corporation on December 31, 2021 for the following $ 789,136 amount: Assume that this investment gives Expert Incorporated significant influence over Apprentice Corporation. Apprentice Corporation's depreciable assets are undervalued on the balance sheet by the following amount as of December 31, 2021: The number of years remaining in the estimated useful life of Apprentice Corporation's depreciable assets is as follows as of December 31, 2021: $ 107,753 7 For the year ended December 31, 2022, Apprentice Corporation generated the following amount of net income: $ 245,679 Apprentice Corporation paid dividends in the following amount on October 15, 2022: $ 85,988 Required: 1. Calculate the portion of the purchase price of the investment that is considered to be goodwill. (3 marks) 2. Prepare any applicable journal entries for Expert's investment in the shares of Apprentice Corporation on each of the following dates: (a) (b) (c) December 31, 2021 (1 mark) October 15, 2022 (2 marks) December 31, 2022 (4 marks) CamScanner