Exercise 8-20A (Algo) Computing and recording goodwill LO 8-10 Arizona Corporation acquired the business Data Systems for $370,000 cash and assumed all liabilites at the date of purchase, Data's books showed tangible assets of $440,000, labilities of $29,000. and stockholders' equity of $411,000. An appraiser assessed the fair market value of the tangibie assets at $360,000 and liabilities at $29,000 at the date of acquisition. Arizona Corporation's financial condition just prior to the acquistion is shown in the following statemeots model 0. Compute the amount of goodwil acquired b. Record the acquisition in a financial statements model Arizona Corporation's financial condition just priot to the acquisition is shown in the financial statements model d. Record the acquisition in general journal format Complete this question by entering your answers in the tabs below. Compute the amount of goodwie acquired. Record the acquisition in a financial statements model. Arizona Corporation's financial condition just prior to the acquisition is shown in a hori Cash Flows column, use the initials OA to designate operating activity, LA for investing activity, and FA for financing activity, Leave blank to in event. Enter any decreases to account balances and cash outflows with a minus sign.) Record the acquisition in general journal format. (If no entry is required for a transaction/event, select "No jour first account field.) Journal entry worksheet Record cash paid for acquisition of assets and liabilities. Note: Enter debits before credits