On January 1. 2015, Sibley Corp. purchased company Z for $40.000 in cash and paid immediately. Sibley assumed all of Company Z's assets and assumed Company Z's liabilities. Company Z has assets valued at $60.000 and liabilities valued at $50,000. Question 8 What is the amount of goodwill that should be recorded on Sibley Corp's books? Provide the journal entry for the acquisition of company Z. Make sure to include the account classifications and clearly label your debits and credits.