Done < AA 8 Ch 8 Homework ezto.mheducation.com Seved Help Save & Exit 7 Skipped Robinson Company purchased Franklin Company at a price of $3,810,000. The fair market value of the net assets purchased equals $2,780,000. 1. What is the amount of goodwill that Robinson records at the purchase date? 2. Does Robinson amortize goodwill at year-end for financial reporting purposes? 3. Robinson believes that its employees provide superior customer service, and through their efforts, Robinson believes it has created $1,520,000 of goodwill Should Robinson Company record this goodwill? Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Required 3 What is the amount of goodwill that Robinson records at the purchase date? Goodwill Required 2 > Submit 21% >