Arizona Corp. acquired the business Data Systems for $325,000 cash and assumed all liabilities at the date of purchase. Data's books showed tangible assets of $350,000, liabilities of $20,000, and stockholders' equity of $330,000. An appraiser assessed the fair market value of the tangible assets at $315,000 at the date of acquisition. Arizona Corp.'s financial condition just prior to the acquisition is shown in the following statements model: Liab. + Equity Rev. Exp. . Net Inc. Cash Flow Assets + Tang. Assets NA Cash 550,000 + Goodwill NA + + NA + 550,000 NA NA NA NA Required: a. Compute the amount of goodwill acquired. b. Record the acquisition in a financial statements model like the preceding one. d. Record the acquisition in general journal format. Complete this question by entering your answers in the tabs below. Required A Required B Required D Compute the amount of goodwill acquired. Goodwill Required A Required B Required D Record the acquisition in a financial statements model like the preceding one. (In the Cash Flow column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, NC for Net Change and Na to indicate the element is not affected by the event. Enter any decreases to account balances with a minus sign.) ARIZONA CORP. Statements Model Liabilities: Equity Revenue Expenses = Net Income Cash Flow Assets Tang. Assets Cash Goodwill 550.000 550,000 - NA Acquisition Required A Required B Required D Record the acquisition in general journal format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record cash paid for acquisition of assets and liabilities. Note: Enter debits before credits. General Journal Debit Credit Event Acquisition Record entry Clear entry View general journal