Arizona Corporation acquired the business Data Systems for $320,000 cash and assumed all liabilities at the date of purchase. Data's books showed tangible assets of $260,000, liabilities of $40,000, and stockholders' equity of $220,000. An appraiser assessed the fair market value of the tangible assets at $250,000 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 financial statements model.