Arizona Corp. acquired the business Data Systems for $345,000 cash and assumed all liabilities at the date of purchase. Data's books showed tangible assets of $390,000, liabilities of $24,000, and stockholders' equity of $366,000. An appraiser assessed the fair market value of the tangible assets at $335,000 at the date of acquisition. Required a. Compute the amount of goodwill acquired. b. Record the purchase in a financial statements model like the preceding one. 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 Arizona Corp. acquired the business Data Systems for $345,000 cash and assumed all liabilities at the date of purchase. Data's books showed tangible assets of $390,000, liabilities of $24,000, and stockholders' equity of $366,000. An appraiser assessed the fair market value of the tangible assets at $335,000 at the date of acquisition. Required a. Compute the amount of goodwill acquired. b. Record the purchase in a financial statements model like the preceding one. 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 Record the purchase in a financial statements model like the preceding one. Arizona Corp.'s financial condition just prior to the acquisition is shown in the following staten model. (In the Cash Flow column, use OA to designate operating activity, IA for investment activity, or FA for financing activity. If the element is not affected by the even the cell blank. Enter any decreases to account balances and cash outflows with a minus sign.) Show ARIZONA CORP. Horizontal Statements Model Balance Sheet Income Statement Event Statement of Cash Assets Assets = Liabilities + Equity Revenue - Net Expense Income Flows Cash + 590,000 + (345,000) + + Goodwill + 590,000 Acquisition 24,000 (345,000) IA