TO-17 09 Accounting for intangible Assets (Goodwill On January 1, 2018, InterGalactic Company purchased the following assets and liabilities from Immensity Company for $325,000: Carrying Amount Fair Market Value Inventory $ 60,000 $ 70,000 Building 100,000 130,000 Land 70,000 90.000 Accounts receivable 30,000 30,000 Accounts payable (15,000) (15,000) Required: Prepare a journal entry to record the purchase of Immensity by InterGalactic