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Kamla Corporation purchased Nick Company on August 28, 2016. The Balance Shect of Nick Company is as follown: Compote the value of the implied goodwill

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Kamla Corporation purchased Nick Company on August 28, 2016. The Balance Shect of Nick Company is as follown: Compote the value of the implied goodwill if Kamla Corporation pays $83,500 instead of $119,500, for Nick Company (Do mot ine dollar sisns (\$) when enterins amounts. To see comms-formotted numbers refiected in your final answers, you mint enter vour answers with commas. Before movirg onto the nat section, please do the following (for screen help, click on the hrperilinks below): I. Scroll to the end of the pase and click on the "Save for Later" button fo save your work. 2. Whas you are ready to besin the not section, you can reference the work that you have completed by clicking on the "Printer Venilon" button at the top of the page. Doing this will open your saved enswers in a new window to help you complete the noxt section. Complete these steps each time you have finished a section. Do not click on the "Submit Answers" button until you hove completed clll of the sections. eTextbook and Media Compute the amount of the "Net Cash" as a result of the acquisition. (Enter debit amount with a positive sign and credit amount with a negative sign. Do not use dollar signs (\$) when entering amounts. To see comma-formatted numbers reflected in your final anowers, you must enter your answers with commas.) Before moving onto the next section, please do the following (for screen help, click on the hypertinks below): 1. Scroll to the end of the page and click on the "Sove for Later" button to save your work. 2. When you are ready to begin the noxt section, you can reference the work that you have completed by clicking on the "Printer Version" button at the top of the page. Doing this will open your saved onswers in a new window to, help you complete the next section. Complete these steps each time you have finished a section. Do not dick on the "Submit Answers" button until you have completed all of Prepare the journal entry on August 28, 2016 to record the acquisition. (Credit account titles ore outomatically indented when the amount is entered. Do not indent manualik. Do not use dollar signs (\$) when entering amounts. To see commo-formatted numbers reflected in your final answers, you must enter your answers with commas.)

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