Question Two: (10 marks) (B1, C1, C2) Vasquez Manufacturing Company decided to expand further by purchasing Wasserman Company. The statement of financial position of Wasserman Company as of December 31, 2019 was as follows: Wasserman Company Statement of Financial Position December 31, 2019 Assets Equity and Liabilities Plant assets (net) 1,025,000 Share capital-ordinary 800,000 Inventory 275,000 Retained earnings 885,000 Receivables 550,000 Accounts payable 375,000 Cash 210,000 Total assets 2,060,000 Total equity and liabilities 2,060,000 An appraisal, agreed to by the parties, indicated that the fair value of the inventory was 350,000 and the fair value of the plant assets was 1,125,000. The fair value of the receivables is equal to the amount reported on the statement of financial position. The agreed purchase price was 2,095,000, and this amount was paid in cash to the previous owners of Wasserman Company. Instructions Determine the amount of goodwill (if any) implied in the purchase price of 2,095,000. Show calculations. Make Journal Entry of acquisition as well