Noordhoek Ltd. acquires 100% of company AmNiv Inc. in exchange for $980,000. When analyzing AmNiv's assets and liabilities, Noordhoek determined that the fair value of the following accounts were as follows: Short-term Investments - 250,000 Accrued Tax payable - 30,000 Trademark (internally generated)-80,000 Long term debt - 400,000 The following shows that Balance Sheet accounts of both companies on the purchase date (prior to the recording of the purchase in Noordhoek's books): Account Noordhoek AmNiv Cash 3,200,000 120,000 AR net 200,000 123,000 Inventory 85,000 PP&E 180,000 75,000 Short-term Investments 195,000 Accounts payable 105,000 66,000 Accrued Tax payable 70,000 15,000 Current maturities 45,000 Long term debt 750,000 200,000 Common stock 125,000 89,000 Retained earnings 168,000 ? ? Required 1. Calculate the amount of goodwill that will be recognized in the purchase price allocation (PPA). 2. Prepare the consolidated balance sheet. 3. Explain what the Goodwill account represents. Why isn't Goodwill recognized by companies in general