please explain this concept step by step, thanks.

Wrap Text General Normal Copy- For Patienten Merge & Center $ - 96 Conditional Format as Neutral Formatting Tables TH UP 21 o D E G H IN INTERMEDIATE ACCOUNTING 2 CHAPTER 11 COODWILL 11 2 ME 4 GIVEN 550 000 ABC PURCHASED 100% OF TNT CORP ASSETS LIAB 7 B INT BALANCE SHEET PRIOR TO PURCHASE CASH AR PP&E 42,000 18.000 290.000 350 000 55.000 100.000 195 000 350 000 RE 10 11 12 ABC'S REVIEW HAS FOUND THE FOLLOWING INFO. 13 14 INT UCENSE (UNRECORED) 15 PP&E FAIR VALUE 16 40.000 350 000 M 18 19 REQUIRED PREPARE ABC'S JOURNAL ENTRY FOR THE PURCHASE OF TNTS ASSETS & LIAB. 20 23 25 28 27 K 6 ABC PURCHASED 100% OF INT CORP ASSETS & LIAB 550 000 8 TNT BALANCE SHEET PRIOR TO PURCHASE CASH AR PP&E 42.000 18.000 290,000 350,000 LIAB CS RE 55 000 100 000 196 000 350 000 12 ABCS REVIEW HAS FOUND THE FOLLOWING INFO 14 INT LICENSE (UNRECORED) 15 PP&E FAIR VALUE 40.000 350.000 17 18 19 REQUIRED PREPARE AN ANALYSIS OF 20 TINTS NET ASSETS CASH AR LICENSE PPSE 42 000 18 000 40 000 350.000 (55.000) 395.000 NET ASSETS IMPLIED GOODWILL 195.000 NESANSE SEAS 27 28 REQUIRED PREPARE ABOIS JOURNAL ENTRY FOR THE PURCHASE OF TNTS ASSETS & LIAB 130 CASH AR LICENSE PPEE GOODWILE AP CASH 42.000 18.000 40,000 50.000 156 000 56 000 550 000 606 000 605 000