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Pilgim has acquired several other comparies. Assume that Pligrim purchased Krandel for $12,000,000 cash. The book value of Krandelis assets is $17,000,000 (market value, $18,000,000

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Pilgim has acquired several other comparies. Assume that Pligrim purchased Krandel for $12,000,000 cash. The book value of Krandelis assets is $17,000,000 (market value, $18,000,000 ), and it has liablities of $10,000,000 (market value, $10,000,000 ) Requirements 1. Compute the cost of goodwil purchased by Plgrim. 2. Record the purchase of Krandell by Pilgrim. Requirement 1. Compute the cost of ooodmill burehated hu Pilarim

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