Big Company acquired Small Company on 12/31/X5 for $80,000 (all paid in cash). They will file consolidated financial statements The balance sheet of Small Company just before the acquisition is below. The fair value of the assets and liabilities on the balance sheet is equal to their book values. However, Small Company also has a trademark that has a fair value of $10,000. Big Company does not own any trademarks. Small Co 42,000 62,000 104,000 22,000 22,000 18,000 64,000 82,000 104,000 Inventory Buildings & Equipment (net) Total assets Accounts Payable Total liabilities Common Stock Retained Earnings Total equity Total liabilities and equity 1. At what amount will the trademark be reported in the consolidated financial statements at the date of acquisition? Put your final answer next to the question number. 2. Record the journal entry for the acquisition that Big Company makes in its separate company journal