Goodwill and Bargain Purchase Panda Corporation paid $2,000,000 in cash for all of Sim Corporation's assets and liabilities in a merger. The following table shows three possible cases for the merger: Fair Value Account Current assets Plant assets Case 1 Case 2 $400,000 $100,000 750,000 300,000 2,000,000 900,000 200,000 800,000 Case 3 $300,000 Identifiable intangible assets Liabilities (800,000) (900,000) (1,000,000) Fair value of identifiable net assets $1,250,000 $(300,000) $2,100,000 Required In each of the above cases, prepare the journal entry Panda makes to record the business combination. Instructions: Not all drop-down answers may be required for the journal entry in each case. If an account is not required, select "N/A" as your answer. Enter answers using all zeros (do not abbreviate to thousands). Case 1: General Journal Description Debit Credit Current assets 0 0 Plant assets 0 0 Identifiableintangibles 0 0 0 0 Liabilities 0 0 Cash 0 0 0 0 Case 2: General Journal Description Debit Credit Current assets 0 0 Plant assets 0 0 Identifiableintangibles 0 0 0 0 answers using (do not abbreviate to thousands). Case 1: General Journal Description Debit Credit Current assets 0 0 Plant assets 0 0 Identifiableintangibles 0 0 0 0 Liabilities Cash 0 0 0 0 0 0 Case 2: General Journal Description Debit Credit Current assets 0 0 Plant assets Identifiableintangibles Liabilities Cash 0 0 0 0 0 0 0 0 0 0 " 0 0 Case 3: General Journal Description Debit Credit Current assets 0 0 Plant assets 0 0 Identifiableintangibles 0 0 0 0 Liabilities Cash 0 0 0 0 0 0