Required information The followinformation to the questions de now! On January 4, David Company cared all of the nettetssets and best of mam Company for $42.000 cas The two companies merged with David Company surviving on the date of acoustion Winams balance sheet included the following Property Total Lahti Cran Rated COM 120, od 12.000 RE 21.000 10,000 The property and equipment had a value of 571000 witam also owned an internal developed patient with a value of 57000 hus not recorded as an aston Wai's balance sheet. The book wes of the cash and bites were equal to the fair valus Required: 1. How much goodwie was involved in the merger Tequireditation homeow On January 4 Dand Company other and be of a company for $2.000 The two compared with company that of Wewed the following CON Total Lattia C 1. 18. The property and had a value of 572000 Wiliamato owned annemally developed patent with a fo value of 2000 not recorded as an asset on William's balance sheet The book values of the cash and were equal to the fores 2. Prepare the journal entry that David would make to record the merger on January ( no entry is required for action event, select "No journal entry required in the first account field) View Journal entry worksheet Racord the merger on January 4