Robinson Company purchased Franklin Company at a price of $3,800,000. The fair market value of the net assets purchased equals $2,840,000. 1. What is the amount of goodwill that Robinson records at the purchase date? 2. Does Robinson amortize goodwill at year-end for financial reporting purposes? 3. Robinson believes that its employees provide superior customer service, and through their efforts, Robinson believes it has created $1,450,000 of goodwill. Should Robinson Company record this goodwill? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the amount of goodwill that Robinson records at the purchase date? Goodwill Required Required 2 > es 1. What is the amount of goodwill that Robinson records at the purchase date? 2. Does Robinson amortize goodwill at year-end for financial reporting purposes? 3. Robinson believes that its employees provide superior customer service, and through their $1,450,000 of goodwill. Should Robinson Company record this goodwill? Complete this question by entering your answers in the tabs below. Required 1 Required Required 3 Does Robinson amortize goodwill at year-end for financial reporting purposes? Does Robinson amortize goodwill at year-end? Required 1 Required 3 Robinson Company purchased Franklin Company at a price of $3,800,000. The fair market value of the net assets purchased e- $2,840,000. 1. What is the amount of goodwill that Robinson records at the purchase date? 2. Does Robinson amortize goodwill at year-end for financial reporting purposes? 3. Robinson believes that its employees provide superior customer service, and through their efforts, Robinson believes it has $1,450,000 of goodwill. Should Robinson Company record this goodwill? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Robinson believes that its employees provide superior customer service, and through their efforts, Robinson has created $1,450,000 of goodwill. Should Robinson Company record this goodwill? Should Robinson Company record this goodwill? < Required 2 Required