Autoplus company has been started in $2021,$ its located in dubai. Autoplus company provides a wide range of the Automobile services including auto maintaining, fixings and customizations. The industry is critical for satisfying car owners' demand and maintaining cars in perfect working order. The Autoplus Co$.$s fiscal year ends usually on Dec $31$st in $2023$

TechDrive Solutions company, it has been started since $2021,$ its located in Dubai. TechDrive Solutions provides operation in technologies and the automobiles integration sector its concerted in sitting up solution of the software for maintaining cars

Parent Company $($Autoplus co$.)$

Cash $100,000$ AED

Accounts Receivable $50,000$ AED

Inventory $75,000$ AED

Equipment $($net$)200,000$ AED

Intangible Assets $($e$.$g$.,$ patents, trademarks$)25,000$ AED

Accounts Payable $30,000$ AED

Long$-$term Debt $100,000$ AED

Equity: $320,000$ AED including$($ common stocks $50,000$ AED, additional paid in capital $50,000$ AED, and retained earnings $220,000$AED$)$

$2.$ Assumed Financial Data: you must create the following financial data for both the parent company and the subsidiary as of the assumed acquisition date:

Subsidiary Company$($TechDrive solutions$)$:

Cash $80,000$

Accounts Receivable $30,000$

Inventory $50,000$

Equipment $($net$)150,000$

Intangible Assets $($e$.$g$.,$ patents, trademarks$)20,000$

Accounts Payable $20,000$

Long$-$term Debt $70,000$

Equity:$220,000$ including common stocks $40,000,$ additional paid in capital $40,000,$ and retained earnings $140,000$

Note: make sure that the total assets equal the total liabilities and equity for both companies

$3.$ Cost of investment: Assume that the parent company has acquired all subsidiary$$s shares at a cost that is more than the book value of the assumed subsidiary$$s net assets by $30\%.$

$4.$ Fair Value Adjustments: Assume that some of the subsidiary$$s assets and liabilities have different fair values than their book values. Specify the fair value adjustments for:

Inventory

Equipment $(10$ years remaining useful life$)$

Intangible Assets $(5$ years remaining life$)$

$5.$ Calculation of the Book value of the subsidiary$$s Net assets: Calculate the book value of the subsidiary$$s net assets based on your assumptions above.

$6.$ Goodwill Calculation: Calculate the goodwill arising from the acquisition. Use the formula:

Goodwill $=$ Purchase Price $-$ Fair Value of Identifiable Net Assets

$7.$ Consolidation entries: Prepare the consolidation entries needed to prepare the consolidated financial statements.

$8.$ Consolidation work paper: Prepare the consolidation balance sheet work paper as the date of acquisition

$9.$ Consolidated Balance Sheet Preparation: Prepare the consolidated balance sheet as of the acquisition date don't copy for chatgpt or any other ai please help in answering from q $3$ to $9$