On December 31,2009, Manitex International, Inc. acquired the assets and certain liabilities of Terex Load King Trailers, manufacturer of custom trailers and hauling systems, from Genie Industries. The purchase consideration was as follows (in thousands)

Cash........................................................................................................................................       $ 100

130,890 shares of Manitex International, Inc. stock........................................................          250

Interest-bearing promissory note........................................................................................       2,580

Contingent consideration....................................................................................................            30

Total purchase consideration..............................................................................................     $2,960

Manitex also incurred $54 in legal fees related to the Load King acquisition. Manitex common stock has no par value. The promissory note is the present value of amounts owed to Genie over the period 2009-2016. The contingent consideration is described as follows:
The purchase price allocation is as follows (in thousands):
Purchase Price allocation:

Inventory...........................................................................................................  $1,841

Machinery and equipment..............................................................................     1,716

Land and buildings..........................................................................................     2,610

Accounts receivable........................................................................................        464

Prepaid expenses..............................................................................................            5

Trade names and trademarks..........................................................................        420

Unpatented technology...................................................................................        670

Accounts payable.............................................................................................     (144)

Accrued expenses............................................................................................     (150)

Deferred tax liability.......................................................................................  (1,557)

Gain on bargain purchase...............................................................................  (2,915)

Net assets acquired..........................................................................................  $2,960

Required
a. Prepare the entry made by Manitex to record its acquisition of Terex Load King.
b. Assume that within the measurement period, new information indicates that the date-of-acquisition fair values of some items have changed to (in thousands):
Inventory$1,000
Machinery and equipment800
Land and buildings1,200
Contingent consideration35
Prepare the entry to adjust the asset and contingent consideration values.
c. Now assume the fair value changes in b. occur outside the measurement period. Prepare the entry to adjust the asset and contingent consideration values.
d. If the contingent consideration was a stock price contingency instead of an earn out, how would your answer to c. change?