On December 1, 2022, Falcon, Inc purchases Hawk, Inc for $500,000 cash. Included in the purchase is $130,00 in Tangible Net Assets, a Patent worth $50,000, a copyright worth $90,000, and Trademark worth $25,000. The Patent has a remaining useful life of 10 years. The copyright has a remaining useful life of 6 years. How much Goodwill will Falcon record as part of the purchase? Prepare the journal entry to record the purchase. DR: DR: DR: Prepare the journal entry to record one year's amortization on the Patent. DR: Prepare the journal entry to record one year's amortization on the Copyright. DR: lamortexp] CRe: [accumamort] Prepare the journal entry to record one year's amortization on the Patent. DR: CR: Prepare the journal entry to record one year's amortization on the Copyright. DR: [amortexp] CR: [accumamort] On December 1, 2023, Falcon Inc reviews the goodwill for impairment and estimates the current value is $180,000. By how much should Falcon adjust their goodwill? On December 1, 2024, Falcon Inc reviews the goodwill for impairment and estimates the current value is $200,000. By how much should Falcon adjust their goodwill