What would the journal entries be for the following: Food Lion acquired Kash N Karry food chain for $121,578 in cash. The purchase included inventory of $49,229, property, plant, and equipment of $103,078, goodwill (an intangible asset) of $269,348. goodwill (an intangible asset). As well, Food Lion assumed Kash N Karry's non-current liabilities of $300,077.