Question: please show all work Question 2 (6 marks) On September 1, 2020, Luigi Corp purchased Mario Enterprises for a cash payment of $863.000. At the

please show all work Question 2 (6 marks) On September 1,

please show all work

Question 2 (6 marks) On September 1, 2020, Luigi Corp purchased Mario Enterprises for a cash payment of $863.000. At the time of the purchase, Mario's Balancp Sheet showed Inventory at $220.000, Equipment at $100,000. Buiding at $550,000, Trademarks at $30,000, liabilities of $460,000, and equity of $440,000 At the date of purchase, the book value of the equipment is determined as being overstated by $20,000, the book value of the building is determined as being understated by $100,000 and the Trademarks are determined worthless Required: Prepare the required journal entry in Luigi's books on September 1, 2020 to record the purchase (including goodwil)

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