PLEASE PLEASE SOLVE Q1,2 PLEASE THANK YOU

Question 1 (10 points) On September 1, 2019, Winans Ltd, acquired Aumont Enterprises for a cash payment of 700,000. At the time of purchase, Aumont's statement of financial position showed assets of 620,000, liabilities of 200,000, and equity of 420,000. The fair value of Aumont's assets is estimated to be 800,000. Compute the amount of goodwill acquired by Winans. Question 2 (24 points) During 2018, Matsumura Ltd. spent 170,000 in research costs. As a result, a new product called the New Age Piano was patented. The patent was obtained on October 1, 2018, and had a legal life of 20 years and a useful life of 10 years. Legal costs of 24,000 related to the patent were incurred as of October 1, 2018. (Amounts are in thousands.) Instructions a. Prepare all journal entries required in 2018 and 2019 as a result of the transactions above. (12 points) b. On June 1, 2020, Matsumura spent 12,400 to successfully prosecute a patent infringement suit. As a result, the estimate of useful life was extended to 12 years from June 1, 2020. Prepare all journal entries required in 2020 and 2021. (9 points) c. In 2022, Matsumura determined that a competitor's product would make the New Age Piano obsolete and the patent worthless by December 31, 2023. Prepare all journal entries required in 2022 and 2023. (3 points)