Potters has acquired several other companies. Assume that Potters purchased Kettle for $10,000,000 cash. The book value of Kettle's assets is $13,000,000 (market value, $18,000,000 ), and it has liabilities of $11,000,000 (market value, $11,000,000) Requirements 1. Compute the cost of goodwill purchased by Potters. 2. Record the purchase of Kettle by Potters. Requirement 1. Compute the cost of goodwill purchased by Potters. Potters has acquired several other companies. Assume that Potters purchased Kettle for $10,000,000 cash. The book value of Kettle's assets is $13,000,000 (market value, $18,000,000 ), and it has liabilities of $11,000,000 (market value, $11,000,000). Requirements 1. Compute the cost of goodwill purchased by Potters. 2. Record the purchase of Kettle by Potters