On January 2, 2019, Homer and Company paid $5,100,000 in cash to acquire 100% of the Bionic Company's voting common stock. Bionic's balance sheet on that date showed the following balances in its accounts: (Click the icon to view the balance sheet.) The appraised value of Bionic's net assets was $1,700,000 greater than its book value on the date of acquisition. Read the requirements. Requirement a. Compute the amount of goodwill to be recorded on the date of acquisition. (Use a minus sign or parentheses for any loss amounts.) Description Amount Less: Balance sheet Bionic company Balance sheet December 31, 2018 Plant and Equipment Mortgage Payable Stockholders' Equity Total $ 5,888,800 $ 4,325,700 1,563,100 $ 5,888,800 Requirements - a. Compute the amount of goodwill to be recorded on the date of acquisition. b. How is goodwill accounted for subsequent to the date of acquisition? Print Done