34.1 Consolidations. Determine which of the following situations describes a consolidation: 1 Arkon Corp. purchases all of the assets of Botrek Co. 2 Arkon Corp. and Botrek Co. combine their firms with Arkon Corp. as the surviving corporation. 3 Arkon Corp. and Botrek Co. agree to combine their assets, dissolve their old corporations, and form a new corporation under a new name. 4 Arkon Corp. agrees to sell all its accounts receivable to Botrek Co.