Accounting 202 Summer 2022 Online - Prof Street (C) Homework: Chapter 8 Homework Assignment 2 Question 2, E8-28A (similar to) Part 1 of 2 HW Score: 20%, 10 of 50 points O Points: 0 of 10 Save Romstead, Corp,. aggressively acquires other companies. Assume that Romstead, Corp., purchased Lorri, Inc., for $2,550,000 cash. The market value of Lorri's assets is $2,900,000, and it has liabilities with a market value of $425,000. Read the requirements. Requirement 1. Compute the cost of goodwill purchased by Romstead, Corp. Cost of goodwill purchased: Less: Market value of Lorri net assets: Less: Cost of goodwill purchased