1. Ben purchased Miller Co. on January 1, 2018 for $430,000, which included $35,000 ofgoodwill. It is now 2020 and Ben sold Miller Co. and received $55,000 for goodwill. What

is the balance in the goodwill class at the end of 2019? What are the implicationsof the sale of goodwill for $55,000 in 2020?