on July 1 2017 riverbed corporation purchased Young company by paying $254500 cash and issuing a $130000 note payable to steve young. at july 1, 2017 the balance sheet of young company was as follows

cash $50400

accounts receivable 90200

inventory 102000

land 40700

buildings (net) 76200

equipment (net) 71300

trademark 11600

$442400

accounts payable $208000

stockholders equity 234400

$442400

the recorded amounts all approximate cutrent values except for land (fair value of $62800) inventory (fair value of $124000) and trademarks (fair vakue if $15520)

a.Prepare the july 1 entry for rivedbed corporation to record the purchase.

b. prepare the december 31 entry for riverbed corporation to record amortization of intangibles. The trademark has an estimated useful life of 4 years with residual value of $3080