3 points Sre The following information has been extracted from Pride Co, and Satola co on June 30, 2020 Pride o Safolaco Safola Co Book Value Fair Value Current assets $400,000 S80,000 $80.000 Patented technology 800,000 100.000 200.000 In proces research & Development 500.000 Uits 500,000) 1400,000) (400,000) Common Mock 300,000) 1100,000) Additional paid in capital (400,000) 1300,000) Retained earning deficit 1/1 200,000) 200,000 Pevenues 11.01.000 (300.0001 Expenses 600,000 220,000 Pride Co. obtain all the outstanding shares of Stole Cocon June 10 paving 570,000 cahandsuing debt for 900.000 Pride also need to pay $50,000 to an investment bank to the combination and paid $1.000 10 employees who helped with the bus combination Required points) 1 Allocate the consideration transferred to the nets acquired and liabilities assumed to show any owl or gainon bere purchase 2. Cledate consolidated Patented technology Common stock Current as Liabilities Expenses 3 points Sre The following information has been extracted from Pride Co, and Satola co on June 30, 2020 Pride o Safolaco Safola Co Book Value Fair Value Current assets $400,000 S80,000 $80.000 Patented technology 800,000 100.000 200.000 In proces research & Development 500.000 Uits 500,000) 1400,000) (400,000) Common Mock 300,000) 1100,000) Additional paid in capital (400,000) 1300,000) Retained earning deficit 1/1 200,000) 200,000 Pevenues 11.01.000 (300.0001 Expenses 600,000 220,000 Pride Co. obtain all the outstanding shares of Stole Cocon June 10 paving 570,000 cahandsuing debt for 900.000 Pride also need to pay $50,000 to an investment bank to the combination and paid $1.000 10 employees who helped with the bus combination Required points) 1 Allocate the consideration transferred to the nets acquired and liabilities assumed to show any owl or gainon bere purchase 2. Cledate consolidated Patented technology Common stock Current as Liabilities Expenses