What is Buchanan's journal entry to record the purchase of Mclaren? If no entry is required, select "No entry required" and leave the amount boxes blank. If an an loes not require an entry, leave it blank. Fethas r Ched Mrin whe C. What joumal entry should Buchanan write when the company intemally generates additional goodwill in the year following the purchase of Mctaren? If no entry is req select "No entry requited" and leave the amount boxes blank. If an amount box does not require an entry, leave it blanki Buchanan Imports purchased McLaren Corporation for $4,900,000 cash when McLaren had net assets worth $4,420,000. A. What is the amount of goodwill in this transaction