Parent Company purchased Child Company for $80,000,000 cash. At the time of purchase, Child Company's assets had market value of $85,000,000 and the liabilities had a market value of $30,000,000. At the time of purchase, Child Com assets had a book value of $40,000,000. What amount of goodwill is recorded? $25,000,000 $5,000,000 $10,000,000 $50,000,000 Question 12 1 p New Mexico Company makes cash sales of $100,000 and collects $6,000 of sales tax on these sales. At the end of the month, New Mexico Company sends the collected sales tax to the state. The journal entry to record this payment to the state will decrease assets and decrease stockholder's equity increase assets and decrease liabilities. decrease assets and decrease liabilities. increase assets and increase stockholder's equity. Question 13 1 pts On January 1, 2021, DEF Corporation issues $4,000,000, 5-year, 9% bonds at 94. Interest is paid semiannually on January 1 and July 1. What is the entry to record the issuance of these bonds on January 1, 2021? debit Cash for $3,760,0000; credit Discount on Bonds Payable for $240,000; and credit Bonds Payable for $4,000,000 debit Cash for $4,000,0000 and credit Bonds Payable for $4,000,000 debit Cash for $3,760,000; debit Discount on Bonds Payable for $240,000; and credit Bonds Payable for $4,000,000 debit Cash for $3,760,000; debit Premium on Bonds Payable for $240,000; and credit Bonds Payable for $4,000,000