On January 1st, 2014, MiniLop Inc. completed the 100% acquisitions of Lionhead Inc. The total purchase price Minilop paid for this acquisition was $13 billion. The book value and fair value of Lionhead Inc, on the date of purchase were as follows ($ in billions) Book Value Fair Value Current assets 10 20 Non-current assets 20 40 Liabilities 14 50 Requirement 1: Determine the amount of goodwill that should be recorded from the Lionhead acquisition, if any. Show your work During 2014, MiniLop Inc. also spent $170,000 in research and development costs. As a result, a new product called the LG was patented. The patent was obtained on October 1, 2014, and had a legal life of 20 years and a useful life of 10 years, Legal costs of $18,000 (filing fees) related to the patent were incurred as of October 1, 2014 Requirement 2: Prepare all journal entries required in 2014 as a result of the patent-related transactions and information above. Show your work