9. Suppose Bold City acquires Madison Brewing, Inc., for $1,450,000. At the time of the purchase, the total market value of Madison Brewing, Inc.'s assets is $1,850,000, and the total market value of its liabilities is $525,000. Record the sale: 10. Suppose Bold City's goodwill, which it acquired in the purchase of Madison Brewing, Inc., has a fair value of $105,000 a year after the purchase. Bold City would make the following entry