as a wholly owned subsidiary with its own legal and accounting identity. The consideration transferred to the owner of Seguros included $62,110$ newly issued Pacifica common shares $($ $$20$ market value, $$5$ par value$)$ and an agreement to pay an additional $$130,000$ cash if Seguros meets certain project completion goals by December $31$ of the following year. Pacifica estimates a $50$ percent probability that Seguros will be successful in meeting these goals and uses a $4$ percent discount rate to represent the time value of money.

Immediately prior to the acquisition, the following data for both firms were available:

In addition, Pacifica assessed a research and development project under way at Seguros to have a fair value of $$193,000.$ Although not yet recorded on its books, Pacifica paid legal fees of $$21,400$ in connection with the acquisition and $$11,100$ in stock issue costs.

Required:

a$.$ Prepare Pacifica's journal entries to record the consideration transferred to the former owners of Seguros, the direct combination costs, and the stock issue and registration costs.

b$.$ and c$.$ Present a worksheet showing the postacquisition column of accounts for Pacifica and the consolidated balance sheet as of the acquisition date. Need to know how to fill out consolidation worksheet with these numbers