5. Volunteer Manufacturing was acquired by Trajectory Manufacturing. Trajectory was interested in expanding its product line to include Volunteer's most popular Volunteer provided Trajectory with the following information: As part of the purchase, Trajectory would also obtain the following: Trajectory made a cash offer of $1,000,000 to purchase the business and the acquisition was completed on January 1,2020. Trajectory uses the straight-line method to amortize intangibles and the double-declining balance method to depreciate property, plant, and equipment. Trajectory intends to renew the tradename indefinitely. 1) Calculate the amount of goodwill to be recorded on Trajectory's acquisition of Volunteer. (5 points) 2) At the beginning of 2021, the company believes the trademark will only be useful another three years (including 2021). What is the total carrying (book) value of long-term assets at the end of 2021 ? (3 points)