Compute the amount of acquired Goodwill, including contingent earnings and bargain purchase Assume that you are charged with assigning fair values related to a $4,750,000 acquisition. You determine that the fair value of the net identifiable tangible assets is $2,312,500. You also conclude that the purchase included a Customer List with a fair value at $425,000. a. How much Goodwill will you record in this acquisition? 9 b. Continuing from part (a), now also assume that the purchase and sale agreement requires the payment of an additional $625,000 if the subsidiary achieves a certain level of earnings. You estimate the fair value of that contingent earnings clause in the agreement to be $275,000. How does this additional information affect your computation of Goodwill? The amount of Goodwill recorded is \$ 0 c. This part of the exercise is independent of parts (a) and (b). Assume that the purchase price is $4,750,000 and that fair value of the net identifiable tangible assets is $2,312,500. You also conclude that the purchase included a Customer List that you value at $800,000 and a Patent valued at $2,375,000. How much Goodwill will you record in this acquisition? The amount of Goodwill recorded is: $0