Please with calculation process

108-6 AP8-9 Computing Goodwill from the Purchase of a Business and Related Amortization (P8-11) Weebok Corporation acquired Sport Shoes on January 2, 2017. Weebok acquired the name of the company and all of its assets, except cash, for $450,000 cash. Weebok did not assume the liabilities, On January 2, 2017, the statement of financial position of Sport Shoes reflected the following carrying amounts, and an independent appraiser estimated the following market values for the assets: January 2, 2017 Carrying Amount Market Value Trade receivables, net $ 45,000 $ 45,000 Inventory 220,000 210.000 Property, plant, and equipment, net 32,000 60,000 Other assets 3,000 10,000 Total assets 300,000 Liabilities $ 60,000 Shareholders' equity 240,000 Total liabilities and shareholders' equity $300,000 EN Required: 1. Compute the amount of goodwill resulting from the purchase. (Hint: Assets are purchased at market value, which is their cost at the date of acquisition.) 2. Compute the adjustments that Weebok would make at the end of its fiscal year, December 31, 2017, for depreciation of all long-lived assets (straight line), assuming an estimated remaining useful life of 15 years and no residual value. The company does not amortize goodwill