AM Publishing paid $220,000 to acquire Thrity Nickel, a weekly advertising paper. At the time of the acquisition, Thrifty Nickel's balance sheet reported total assef of $80,000 and liabilities of $40,000. The fair market value of Thnity Nicke's assets was $60,000. The fair market value of Thrity Nicke/s liabilities was $40,000. Read the requirements. Requirement 1. How much goodwill did AM Publishing purchase as part of the acquisition of Thrith Nucker? Requirement 2. Journalize AM Publishing's acquisition of Thrify Nrehef. (Record debits first, then credits. Select the explanation on the last line of the journal entry lable) Requirements 1. How much goodwill did AM Publishing purchase as part of the acquisition of Thrifty Nickel? 2. Journalize AM Publishing's acquisition of Thrifty Nickel.