Expert Q&A Done ACCT 540 Form 8594 assignment Use Form 8594. Read the instructions to the form to address Target Corporation's assets are acquired by Acquiring Corporation in exchange for $5,100,000 of cash to be paid to Target Corporation. The purchase agreement is dated March 13, 2018. Target Corporation's EIN is 23-372698674. Target Corporation's address is 3245 Industrial Blvd, McKinney, TX 75070. YOU REPRESENT TARGET (THE SELLER)AND WILL REPORT THE FORM ON BEHALF OF THE SELLER Acquiring Corporation's EIN is 23-900653890. Acquiring Corporation's address is 9200 Bretton Lakes Rd., Nashville, TN 37209 The contract lists the following assets and values assigned by the parties. The parties have agreed that they will follow the purchase price allocation as stated in the contract Asset 55,000 IO,000 Accounts Receivable 355,000 Work fonce in Place 320,000 Customer Lists160.000 Funishings85.000 Land In addition to the $5,100,000 paid to Target Corporation Acquiring has also entered into a covenant not to compete Jack Sparrow, the President of Target. Sparrow will be paid S900,000 for an agreement to not compete with Acquiring for a period of 30 months after the acquisition. with