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Ben purchased Miller Co. on January 1, 2018 for $430,000, which included $35,000 of goodwill.It is now 2020 and Ben sold Miller Co. and received

  1. Ben purchased Miller Co. on January 1, 2018 for $430,000, which included $35,000 of goodwill.It is now 2020 and Ben sold Miller Co. and received $55,000 for goodwill.What is the balance in the goodwill class at the end of 2019?What are the implications of the sale of goodwill for $55,000 in 2020?

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