Arizona Corporation acquired the business Data Systems for $355,000 cash and assumed all liabilities at the date of purchase. Data's books showed tangible assets of $410,000, liabilities of $26,000, and stockholders' equity of $384,000. An appraiser assessed the fair market value of the tangible assets at $345,000 and liabilities at $26,000 at the date of acquisition. Arizona Corporation's financial condition just prior to the acquisition is shown in the following statements model. Balance Sheet Income Statement Assets Tangible Cash 610,000 + Required Assets NA + + Goodwill NA Liabilities + NA Stockholders' Equity 610,000 Revenue NA -Net Income Statement of Cash Plows NA NA NA a. Compute the amount of goodwill acquired. b. Record the acquisition in a financial statements model. Arizona Corporation's financial condition just prior to the acquisition is shown in the financial statements model. d. Record the acquisition in general journal format. Complete this question by entering your answers in the tabs below. Required A Required 8 Required D Compute the amount of goodwill acquired. Goodwill Required a. Compute the amount of goodwill acquired. b. Record the acquisition in a financial statements model. Arizona Corporation's financial condition just prior to the acquisition is shown in the financial statements model. 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 Record the acquisition in a financial statements model. Arizona Corporation's financial condition just prior to the acquisition is shown in a horizontal stateme Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, and FA for financing activity. Leave blank to indicate that an event. Enter any decreases to account balances and cash outflows with a minus sign.) ARIZONA CORPORATION Horizontal Statements Model Balance Sheet Income Statement Event Assets =Liabilities + Cash Tangible Assets Stockholders' Equity Net Revenue Expenses Statement of Cash Flows Income Goodwill 610,000+ 610,000 Acquisition Journal entry worksheet < 1 Record cash paid for acquisition of assets and liabilities. Note: Enter debits before credits. Event Acquisition General Journal Debit Credit Record entry Clear entry View general journal