Question 5: Goodwill Vasquez Manufacturing Company decided to Company. The statement of financial position of Wasserman Company as of December 31, 2015 was as follows expand further by purchasing Wasserman Wasserman Company Statement of Financial Position December 31, 2015 Equity and Liabilities Share capital-ordinary Retained earnings Accounts payable Assets Plant assets (net) Inventory Receivables Cash Total assets S 800,000 885,000 375,000 ST,025,000 320,c00 275,000 550,000 210,000 $2,060,000 $2,060,000 Total equity and liabilities An appraisal, agreed to by the parties, indicated that the fair value of the inventory $320,000 and the fair value of the plant assets was $900,000. The fair value of the receivables equal to the amount reported on the statement of fimantial position. The agreed purchase price was $3,000,000, and this amount was paid in cash to the previous owners of Wasserman Company. was Instructions (I) Compute the amount of goodwill (if any) implied in the purchase price of $2,095,000. Show calculations. plant go0/0 00 nvent 320, ooo 606/000 ,395,600 Recie 5 S0p0 00 Cash A/D 3Y6 occ) BEv otde assetboT00 217000 (2) Record the journal entry for the purchase of this purchase- D-lant 900,0 00 DERECIPU 5501000 2101009 DCash