Lama Corporation purchased the net assets of Bargan Company for $900,000 at the end of 2020. The balance :sheet showed the following accounts at the acquisition date Book value Fair Market value Assets Cash 170,000 120,000 700,000 230,000 Trading securities Inventories Equipment Total Liabilities and Equities Accounts payable Common stock Retained earnings Total 170,000 100,000 500,000 280,000 1,050,000 250,000 750,000 50,000 1,050,000 350,000 350,000 Instruction: 1- Calculate the goodwill 2- Record the Goodwill