Requirements Compute the cost of goodwill purchased by Perkins 2. Record the purchase of Kate by Perkins 1. 5,000,000 Requirement 1. Compute the cost of goodwill purchased by Perkins Purchase price to acquire Kate Market value of Kate's assets 17,000,000 Less: Market value of Kate's liabilities 13,000,000 Less: Market value of Kate's net assets Goodwill Requirement 2. Record the purchase of Kate by Perkins, Inc. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) Accounts and Explanation Credit Date Debit Pervice has equired several other companies. Assume that Porine purchased ate tee 5,000,000 cash. The book value of tweets 512.000.000 (murat a, 37600.000) and the late 13.000.000 martiet vista $12.000.000 Requirements