Munchies, Inc., dominates the snack-food industry with its Salty Chip brand. Assume that Munchies purchased Sweet Snacks Company for $5.4 milion cash. The market value of Sweet Snacks'asses a $10 million and Sweet Snacks as liabilities with a market value of $7.1 milion Read the requirements Requirement 1. Com the cost of the goodwill purchased by Munchies (Entermounts in milions to the nearest enth of a million as provided in the problem statement XX) Market value of Sweet Snacks Tables Les Market value of Sweet Snacks assets Cost of goodwill Requirement 2. Explain how Mandries will account for good in future your in future years, Munchies Inc. will determine whether the goodwill purchased has been impaired in value. If the goodwil's value has not the goodwi e has been impaired to Choose from any or enter any number in the input Beds and then continue to the next Munchies, Inc., dominates the snack-food industry with its Salty Chip brand. Assume that Munchies purchased Sweet Snacks Company for $5.4 million cash. The market value Sweet Snacks has liabilities with a market value of $7.1 million Read the requirements Requirement 1. Compute the cost of the goodwill purchased by Munchies (Enter amounts in milions to the nearest tenth of a million as provided in the problem statement, xx Market value of Sweet Snacks' liabilities Less: Market value of Sweet Snacks' net assets ire years. Market value of Sweet Snacks' liabilities Market value of Sweet Snacks' net assets Purchase price paid for Sweet Snacks Sum of the market values of Sweet Snacks' assets urchased has been impaired in value. If the goodwill's value has not been impaired If the goodwill's value has been impaired