On September 1, 2017, Winans Corporation acquired Aumont Enterprises for a cash payment of $700,000. At the time of the purchase, Aumont's balance sheet showed assets of $620,000, liabilities of $200,000, and owners' equity of $420,000. The fair value of Aumont's assets is estimated to be $800,000. a. Compute the amount of goodwill acquired by Winans. (4 marks) b. Show the journal entry in Winans books to record the acquisition. (3 marks) On September 1, 2017, Winans Corporation acquired Aumont Enterprises for a cash payment of $700,000. At the time of the purchase, Aumont's balance sheet showed assets of $620,000, liabilities of $200,000, and owners' equity of $420,000. The fair value of Aumont's assets is estimated to be $800,000. a. Compute the amount of goodwill acquired by Winans. (4 marks) b. Show the journal entry in Winans books to record the acquisition