Black Co. is considering the purchase of Charlie Co. Black has collected the following data about Bravo: Black Co. Book Estimated Market values OMR Values OMR Total identifiable assets 600,000 750,000 Total liabilities 350.000 320,000 | Owners' equity 250.000 Cumulative total net cash earnings for the past five years of OMR800,000 includes extraordinary cash gains of OMR50,000 and nonrecurring cash losses of OMR45,000. Black Co. expects a return on its investment of 12%. Assume that Black prefers to use cash earnings rather than accrual-based earnings to estimate its offering price and that it estimates the total valuation of Charlie to be equal to the present value of cash-based earnings (rather than excess earnings) discounted over five years. (Goodwill is then computed as the amount implied by the excess of the total valuation over the identifiable net assets valuation.) Required: 1. Compute (a) an offering price based on the information above (b) the amount of goodwill included in that price. 2. Compute the amount of goodwill actually recorded, assuming the negotiations result in a final purchase price of OMR650,000 cash