Answer A, B & C

Check my wo On January 3, 2016, Persoff Corporation acquired all of the outstanding voting stock of Sea Cliff, Inc. in exchange for $8.934,000 in cash. Persoff elected to exercise control over Sea Cliff as a wholly owned subsidiary with an independent accounting system. Both companies have December 31 fiscal year-ends. At the acquisition date, Sea Cliff's stockholders' equity was $2.599,000 including retained earnings of $1,799,000 Persoff pursued the acquisition, in part, to utilize Sea Ciff's technology and computer software. These items had fair values that differed from their values on Sea Cliff's books as follows ok Renaining Book Value Fair ValueUaeful Lite 7 years 12 years Asset Patented technology Computer oftware 185,000 2,915,000 87,0003,447, 000 Sea Cliff's remaining identifiable assets and liabilities had acquistion-date book values that closely approximated fair values. Since acquisition, no assets have been impaired. During the next three years, Sea Ciffreported the following income and dividends InconeDividends 2016901,800s 150, 000 150, 000 150,000 2017 2018 941,800 976, Boo December 31, 2018, financial statements for each company appear below. Parentheses indicate credit balances. Dividends declared were paid in the same period