Exercise 8-20A Computing and recording goodwill LO 8-10 Arizona Corp. acquired the business Data Systems for $370,000 cash and assumed all liabilities at the date of purchase. Data's books showed tangible assets of $440,000, liabilities of $29,000, and stockholders' equity of $411,000. An appraiser assessed the fair market value of the tangible assets at $360,000 at the date of acquisition. Arizona Corp.'s financial condition just prior to the acquisition is shown in the following statements model: Assets Tang Assets Goodwill -Liab.Equity Rev. - Exp. Net Inc. Cash Flow Cash + 648,808+ NA NA NA 648,88e NA NA NA NA Required: o. Compute the amount of goodwill acquired. b. Record the acquisition in a financial statements model like the preceding one d. Record the acquisition in general journal format. Complete this question by entering y our answers in the tabs below. Required A Required BRequired D Record the acquisition in general journal format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record cash paid for acquisition of assets and liabilities. Note: Enter debits before credits. Event Debit Credit Record entry Clear entry View general journal Required B