Buchanan Imports purchased McLaren Corporation for $5,000,000 cash when McLaren had net assets worth $4,500,000. -What is the amount of goodwill in this transaction? -What is Buchanan's journal entry to record the purchase of McLaren? PLEASE NOTE: Follow the textbook format for the journal entry. All whole dollar amounts will have "\$" and commas, where needed (i.e. $12,345). Buchanan Imports purchased McLaren Corporation for $5,000,000 cash when McLaren had net assets worth $4,500,000. -What is the amount of goodwill in this transaction? -What is Buchanan's journal entry to record the purchase of McLaren? PLEASE NOTE: Follow the textbook format for the journal entry. All whole dollar amounts will have "\$" and commas, where needed (i.e. $12,345)