Arizona Corporation 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.$\text{'}$s financial condition just prior to the

acquisition is shown in Required B$.$

Required

a$.$ Compute the amount of goodwill acquired.

b$.$ Record the acquisition in a financial statements model.

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Required B

Compute the amount of goodwill acquired.