Arizona Corp. acquired the business Data Systems for $340,000 cash and assumed all liabilities at the date of purchase. Datas books showed tangible assets of $380,000, liabilities of $23,000, and stockholders equity of $357,000. An appraiser assessed the fair market value of the tangible assets at $330,000 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.

cash paid	$
liabilities assumed	$
total	$
FMV of assets	$
Goodwill	$