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ABC Co, Ltd purchased 65% of the share capital of XYZ. Co. for $500,000 cash on December 31, 2020 Purchased 65,000 shares The Balance sheets

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ABC Co, Ltd purchased 65% of the share capital of XYZ. Co. for $500,000 cash on December 31, 2020 Purchased 65,000 shares The Balance sheets at this time were as follows: ABC.CO. XYZ.CO XYZ.CO. FMV NBV 5 $ Current assets Fixed Assets Goodwill 600,000 1,250,000 150,000 50,000 600,000 50,000 52 500 750,000 $ 2,000,000 5 700,000 505,000 Liabilities Share Capital Retained Earnings 1.800.000 100,000 100,000 $ 500,000 30,000 170,000 12.000.000 $ 700.000 Prepare consolidated Balance Sheet using a) Entity Method Fair Value Enterprise Method) If XYZ shares trade at 56.50/share Calculate. Non Controlling Interest and Goodwill using the Parent Extension MethodNet Identifiable Assets Method)

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