1 (Click the icon to view the data.) Read the requirements 2. Requirement 3 . Explain how Hughes will account for goodwill. Each year, Hughes will determine whether the goodwill that Hughes purchased has been impaired in value. If the goodwill's value has not been impaired, (11) If the goodwill's value has been impaired, (12) 1: Data Table 2: Requirements 1. Compute the cost of goodwill purchased by Hughes Company. 2. Journalize Hughes's purchase of Burritt Industries. 3. Explain how Hughes will account for goodwill