Chavra Hamilton company had the following balance sheet on January 1, 2019 Cash $45,000 current liabilities $40,000 Account Receivable $30,000 Noncurrent Liabilities $ 110,000 Inventory $20,00 Stockholders Equity $165,000 Property plant and equipment $220,000 Total Liabilities & S/H/E $315,000 Total Assets $ 315,000

On January 2, 2019, jose Amador company purchased Hamilton Company by acquiring all its outstanding shares for $280,00 cash. On that date the fair value of accounts Receivable was $15,000 the fair value of property, plant and equipment was $240,000. In addition, the value of unrecorded intangible asset was 15,000. Required: A. compute the good will, associated with the purchase of Hamilton company B. prepare a journal entry