Need some assistance in completing Problem 1 and Problem 2. Thank you
Extracted text: GOODWILL Problem #1: Determining Goodwill Slam Corp. purchased Dot.com Corp for $190,000 in an all cash deal. Book and fair value information for Dot.com are as follows: At Acquisition Book Fair Value Value 1/2/2011 1/2/2011 Assets Current Equipment Patent 40,000 60,000 50,000 50,000 50,000 Goodwill 100,000 150,000 Liabilities 70,000 60,000 Equity 30,000 100,000 Required: Determine goodwill valuation on the acquisition date, if any. Problem #2: Impairment of Goodwill On 12/31/210, the fair value of Dot.com Corp.'s net assets was $150,000. Detailed book value and fair value information is as follows: Book Fair Value Value 12/31/2021 12/31/2021 Assets Current Equipment Patent 70,000 48,000 42,000 70,000 45,000 50,000 Goodwill 100,000 260,000 Liabilities 70,000 70,000 190,000 260,000 Equity Required: Determine the impairment of goodwill for Dot.com Corp. as of 12/31/21, if any.