Purple Corp. purchased all of the listed assets and liabilities of Sudden Corp. for $1,890,000. The following assets and liabilities were purchased Accounts receivables Fair Market Value $ 230,000 Book Value $230,000 Inventory 189,000 Property, plant, and equipment (net) 978,000 (171,000) (171,000) 304,500 1,206,000 283,000 Patent Llabilities Required: 1. What is the appropriate amount that would be recorded for goodwill? Goodwil purchersid 2. Prepare the journal entry for the acquisition. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2. Prepare the journal entry for the acquisition. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the acquisition entry. Note: Enter debits before credits. Transaction General Journal Debit Credit