explain detail

6 Taste Company has been in business for 30 years and has developed a large group of loyal restaurant customers. Down Home Foods made an offer to buy Taste T Company for $6,500,000. The market value of Taste Ts tangible assets, net of liabilities, on the date of the offer is $5.850,000. Taste. Tako holds a potent for a futing machine that the company invented the patent with a market value of $325.000 was never recorded by Taste I because it was developed internally) Required: 1. How much has Down Home Foods included for intangibles in its offer of $6.500,000? 2. Assuming Taste T accepts this offer, which company will report Goodwill on its balance sheet and at what amount? 10 BOOK 1 intangibles face ni