The president of Plain Corp., Joyce Lima, is thinking of purchasing Riverbed Corporation. She thinks that the offer sounds fair but she wants to consult a professional accountant to be sure. Riverbed Corporation is asking for $86,730 in excess of the fair value of the identifiable net assets. Riverbed's net income figures for the last five years are as follows: 2016-$63,010 2019-$80,130 2017-$51,700 2020-$65,000 2018-$73,060 The company's identifiable net assets were appraised at $378,400 on December 31, 2020. You have done some initial research on the balloon industry and discovered that the normal rate of return on identifiable net assets is 13%. After analyzing such variables as the stability of past earnings, the nature of the business, and general economic conditions, you have decided that the average excess earnings for the last five years should be capitalized at 20% and that the excess earnings will continue for about six more years. Further research led you to discover that the Happy Balloon Corporation, a competitor of similar size and profitability, was recently sold for $417,800, five times its average yearly earnings of $83,560. (a) Calculate the following. Use Excel functions or a financial calculator where necessary in your calculations. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Riverbed Corporation's goodwill and purchase price under excess earnings approach. Goodwill Purchase price $ $ Riverbed Corporation's goodwill and purchase price under number of years method. Goodwill $ Purchase price $ Riverbed Corporation's goodwill and purchase price under times average earnings. Goodwill $ Purchase price $