Assume an investor pays 500,000 for 100% ownership of an investee. On the date of acquisition, the investee has an unrecorded patent with fair value 225,000 and its property, plant, and equipment account is undervalued by 200,000. At the date of acquisition, the book value of the investee was 650,000 (common stock, 200,000; APIC, 125,000, and retained earnings, 225,000). 1. What amount of goodwill should have been calculated at the date of acquisition. 2. Show the entry in journal entry form to eliminate the AAP in the consolidation