ABC Corporation purchased Packard Corporation for $400,000 on January 1, 2020. On that date, the balance sheet of Packard was shown as follows: Accounts Payable Stockholder's Equity 130,000 225,000 Cash 70,000 Accounts Receivable 60,000 Inventory 55,000 Land 105,000 Equipment 65,000 Total 355,000 Total 355,000 The recorded amounts equal the fair values with the exception of land which has a fair value of has a fair value of $65,000. What amount of goodwill should ABC record on the date of acquisition? $ 145,000 and inventory which $ 175,000 $125,000 $165,000 $135.000 Britneld acquired Perdue as a division on December 31, 2019. The balance sheet accounts of Perdue Division as of December 31, 2020 are as follows: Account Amount Cash $60,000 Receivables $350,000 Property, Plant Equipment $450,000 Goodwill $160,000 Notes Payable $200,000 How much impairment loss should be The fair value of the Perdue Division including goodwill at December 31, 2020 is $ 790,000. recognized at December 31, 2020? $30,000 $160,000 $130.000 So