a$.$ Determine the fair value in excess of book value for Persoff's acquisition date investment in Sea Cliff.

b$.$ Determine Persoff's Equity earnings in Sea Cliff's balance for the year ended December $31,2024.$

c$.$ Determine Persoff's December $31,2024,$ Investment in Sea Cliff's balance.

d$.$ Prepare a worksheet to determine the consolidated values to be reported on Persoff's financial statements.

Complete this question by entering your answers in the tabs below.

Required A

Required B

Required $C$

Required D

Determine Persoff's Equity earnings in Sea Cliff's balance for the year ended December $31,2024.$

$\backslash$table$[[,$Amounts$],[$Equity accrual,$$,975,400$

$$

Total liabilities and equity Required:

$$(11\frac{,}{{?}_{41}}\frac{,}{{?}_{00}}),$$$(2,004,000)$

a$.$ Determine the fair value in excess of book value for Persoff's acquisition date investment in Sea Cliff.

b$.$ Determine Persoff's Equity earnings in Sea Cliff's balance for the year ended December $31,2024.$

c$.$ Determine Persoff's December $31,2024,$ Investment in Sea Cliff's balance.

d$.$ Prepare a worksheet to determine the consolidated values to be reported on Persoff's financial statemen

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

Required $C$

Required D

Determine Persoff's December $31,2024,$ Investment in Sea Cliff's balance.

$\backslash$table$[[,$Amounts$],[,],[,],[,],[$Investment in Sea Cliff's balance at $12/31/24,]]$