Assume Keen purchases 100% of Lax for cash consideration of $150,000 on November 1, 2022. Keen records its investment using the cost method and prepares its consolidated financial statements using the fair value enterprise (FVE) method. Assume Keen purchases 100% of Lax for cash consideration of $150,000 on November 1, 2022. Keen records its investment using the cost method and prepares its consolidated financial statements using the fair value enterprise (FVE) method.a) the journal entry that Keen Inc. would make to record the acquisition; b) the elimination entry necessary to produce consolidated balance sheet on the acquisition date. (18 marks)