Kamla Corporation purchased Nick Company on August 28, 2016. The Balance Sheet of Nick Company is as follows:

Cash	82000	Accounts Payable	32000
Accounts Receivable	62000	Long-Term Notes Payable	36000
Short-Term Investments	33000	Mortgage Payable	62000
Merchandise Inventory	29000	Bonds Payable	30000
Office Equipment	55000	Pension Liability	69000
Land	92000	Retained Earnings	120500
Computers	15000	Preferred Stock	20000
Trademarks	8000	Paid In Capital, Preferred Stock	6500
Total Assets	376000	Total Liabilities & Stockholders' Equity	376000

Additional Information:

1) The Allowance for Doubtful Accounts was determined to be $8,000.

2) Short-Term Investment current market value was $35,000.

3) Merchandise Inventory was appraised at $23,500.

4) Office Equipment was appraised at $50,000.

5) Land was appraised at $94,400.

6) Computers were appraised at $8,000.

7) The Trademarks present values were $6,400.

8) The company's Mortgage Payable correct values should be $71,000.

9) The Pension Liability was evaluated at $73,500.

A) Compute the value of the implied goodwill if Kamla Corporation pays $138,800 for Nick Company.

B) Compute the amount of the "Net Cash" as a result of the acquisition.

C) Prepare the journal entry on August 28, 2016 to record the acquisition.

D) Compute the value of the implied goodwill if Kamla Corporation pays $86,800, instead of $138,800, for Nick Company.

E) Compute the amount of the "Net Cash" as a result of the acquisition.

F) Prepare the journal entry on August 28, 2016 to record the acquisiton.