Assume that, as part of recording a business combination, you were given the task of assigning fair values to the acquired identifiable net assets. The investees Balance Sheets reports cash, accounts receivable, inventories, PPE, accounts payable, accruals, and long-term debt. Requirements: Describe the various approaches available to you to value these assets and liabilities. Describe the approach you would use to determine if a portion of the purchase price should be assigned to the Goodwill asset? Describe the approach you would use to value any additional assets acquired, including assets not recognized on the investees books (e.g. patents, new technology).