Diamond Devices acquires Wolsey, a small start-up company, by paying $2,170,800 in cash on January 2. Below are the book values and fair values of Wolsey on the date of acquisition. (Click the icon to view the book values and fair values.) Read the requirements. Requirement a. What is the amount of goodwill acquired? Less: Goodwill i Requirements a. What is the amount of goodwill acquired? b. What intangible assets are acquired? Which of the intangibles have an indefinite life? Which will be amortized? What will the amortization expense be in the year after acquisition? Print Done i Trial Balance Wolsey Cash $ Book Value 35,000 $ Fair Value 35,000 Receivables 101,200 100,450 Manufacturing Equipment 640,700 654,700 Patents (remaining life 9 years) 60,700 769,500 Trademarks 14,650 187,750 Payables 58,808 58,808 Print Done