TOM Inc has decided to purchase 100% the voting shares ofJERRY by issuing common shares with a market value of $400,000 on July 1, 2022. On the date, the balance sheets of each of these companies were as follows:

	TOMInc	JERRY Inc
Cash and Short-Term Securities	$900,000	$200,000
Inventory	$ 50,000	$120,000
Plant and Equipment (net)	$350,000	$150,000
Goodwill	$-	$ 80,000
Total Assets	$1,300,000	$550,000
Current Liabilities	$ 180,000	$160,000
Bonds Payable	$ 400,000	$100,000
Common Shares	$ 500,000	$200,000
Retained Earnings	$ 220,000	$ 90,000
Total Liabilities and Equity	$1,300,000	$550,000

On that date, the fair values of JERRY Assets and Liabilities were as follows:

Cash and Short-Term Securities	$200,000
Inventory	$ 90,000
Plant and Equipment (net)	$250,000
Current Liabilities	$160,000
Bonds Payable	$ 88,000

In addition to the above, an independent appraiser deemed thatJERRY Inc. had trademarks with a fair market value of $100,000 which had not been accounted for.

Based on the information provided:

a) Calculate the amount of Goodwill arising from this combination.

b) Journal entry to recordTOM's acquisition ofJERRY's shares.

c) TOM's Consolidated Balance Sheet immediately following its acquisition ofJERRY's voting shares.