Patton has acquired several other companies Assume that Patton purchased Kettle for 50,000.000 cash. The book value of Kettle's assets is $13,000,000 (market value $15.000.000), and it has liabilities of $14,000,000 (market value $14.000.000) Requirements 1. Compute the cost of goodwill purchased by Patton Record the purchase of Kettle by Patton 2 Requirement 1. Compute the cost of goodwill purchased by Patton Purchase price to acquire Kettle Market value of Kettle's anos Less: Market value of Kettles abilities Less: Market value of Kettle's net assets Goodwill Requirement 2. Record the purchase of Kettle by Patton Inc (Record debits first, then credits Select the explanation on the last line of the journal entry table) Accounts and Explanation Debit Date Credit Date Accounts and Explanation Debit Credit