Arizona Corp. acquired the business Data Systems for $280,000 cash and assumed all liabilities at the date of purchase. Data's books showed tangible assets of $260,000, liabilities of $11,000, and stockholders' equity of $249,000. An appraiser assessed the fair market value of the tangible assets at $270,000 at the date of acquisition. Required a. Compute the amount of goodwill acquired. b. Record the acquisition in a financial statements model. Arizona Corp.'s financial condition just prior to the acquisition is shown in the following statements model. Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount of goodwill acquired. (Amounts to be deducted should be indicated with minus sign.) Acquisition Price Cash paid Liabilities assumed Total FMV of assets Goodwill Complete this question by entering your answers in the tabs below. Required A Required B Record the acquisition in a financial statements model. Arizona Corp.'s financial condition just prior to the acquisition is shown in the followir Flow column, use OA to designate operating activity, IA for investment activity, and FA for financing activity. Enter any decreases to account minus sign. Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input ARIZONA CORP. Horizontal Statements Model Balance Sheet Income Statement Event Assets Statement of Cash Flows = Liabilities + Equity Revenue - Expense Net Income Assets + Goodwill Cash + 460,000 + 460,000 + II + + Acquisition + +