Arizona Corp. acquired the business Data Systems for $355,000 cash and assumed all liabilities at the date of purchase.

[answerhappygod]

Arizona Corp. acquired the business Data Systems for $355,000
cash and assumed all liabilities at the date of purchase. Data’s
books showed tangible assets of $410,000, liabilities of $26,000,
and stockholders’ equity of $384,000. An appraiser assessed the
fair market value of the tangible assets at $345,000 at the date of
acquisition. Arizona Corp.’s financial condition just prior to the
acquisition is shown in the following statements model:
Required: a. 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.