Arizona Corp. acquired the business Data Systems for $350,000 cash and assumed all liabilities at the date of purchase. Data's books showed tangible assets of $400,000, liabilities of $25,000, and stockholders' equity of $375,000. An appraiser assessed the fair market value of the tangible assets at $340,000 at the date of acquisition. Arizona Corp's financial condition just prior to the acquisition is shown in the following statements model: Liab. + Rev. Exp. Net Inc. Cash Flow Cash 600,000 Assets + Tang. Assets + + NA + Goodwill NA Equity 600,000 NA + 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 active 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 k ARIZONA CORP Statements Model Liabilities Equity Revenue Expenses Net Income Cash Flow Assets Tang Assets ces Cash Goodwill = 600,000 - . 600,000 NA Acquisition + View Com Journal entry worksheet