Required information The following information applies to the questions displayed below.) The notes to a recent annual report from Suzie's Shoe Corporation indicated that the company acquired another company, Steve's Shoes, Inc. Assume that Suzie's acquired Steve's Shoes on January 5 of the current year. Suzie's acquired the name of the company and all of its assets for $750,000 cash. Suzie's did not assume the liabilities. The transaction was closed on January 5 of the current year, at which time the balance sheet of Steve's Shoes reflected the following book values. An independent appraiser estimated the following market values for the assets. Steve's Shoes, Inc. January 5 of the Current Year Book Value Accounts receivable (net) $50,000 Inventory 385.000 Fixed assets (net) 156,000 other asete .000 Total assets $595,000 Liabilities $ 75,000 Stockholders' equity 520.000 Total liabilities and stockholders' $595,000 equity Market Value $50,000 350.000 200.000 10.000 2. Compute the adjustments that Suzie's Shoes Corporation would make at the end of the current year (ending December 31) for the following items acquired from Steve's Shoes (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Journal entry worksheet Record amortization of the goodwill (an intangible asset with an indefinite life). Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal