recorded ord P7-3A Fresh Cut Corporation purchased all the outstanding common stock of Premium Meats for $12,000,000 in cash. The book values and fair values of Premium Meats' assets and liabilities were 27-6A The followi UTSI On January 1, 2 cash. The fair ve b. Included in the legal life of the patent will be Fair Value Accounts Receivable Equipment Patents Notes Payable Net assets Book Value $1,800,000 8,500,000 300.000 (2,700,000 $7.900.000 $ 1.600.000 9.900.000 1.700.000 12,700.000) $10,500,000 CUTS acquired contractual life Required: L Record amort 2. Prepare the ir 7-7A Salch Sa Required: 1. Calculate the amount Fresh Cut should report for goodwill. 2. Record Fresh Cut's acquisition of Premium Meats. Limith Services acquired a helicopter for use in emergency situation Tunter delivery