Brightcove, Inc. acquires all of stock of Ciber, Inc. for $80 million in cash and accounts for the acquisition as a stock acquisition. Balance sheet information at the date of acquisition is as follows (in thousands)

Brightcove hires a consultant to identify and value any previously unreported intangible assets attributable to Cider at the date of acquisition. The consultant identifies the following intangibles (in thousands):

Assume Ciber uses pushdown accounting as of the date of acquisition

Required:

1. Prepare the entry Ciber makes on its own books at the date of acquisition.
2. Prepare a working paper to consolidate the balance sheet accounts of Brightcove and Ciber at the date of acquisition.
3. Prepare the consolidated balance sheet at the date of acquisition, in good form.

Book Value Fair Value S Current assets Plant and equipment ......... Licenses and trademarks ..... Total assets. $ 400 12,000 5,000 $17,400 300 4,000 7,000 LILIS u lieuble s . . . . . . . . . . . . . . . . . . . . . . . . . . . .- 800 11,000 Current liabilities. . . . . . . . .................... Long-term liabilities ..... Capital stock ............................... Retained earnings .......................... Total liabilities and equity............ $ 800 10,000 8,000 (1,400) $17.400 (in thousands) Fair Value Customer contracts ..... Assembled workforce........ Brand names ..... Leases at rents below current market ........................ Developed technology In-process research and development ... Future cost savings from elimination of duplicate assets ......... Additional expected revenues from bundling products............ $ 1,000 20,000 5,000 400 1,500 300 800 600 Book Value Fair Value S Current assets Plant and equipment ......... Licenses and trademarks ..... Total assets. $ 400 12,000 5,000 $17,400 300 4,000 7,000 LILIS u lieuble s . . . . . . . . . . . . . . . . . . . . . . . . . . . .- 800 11,000 Current liabilities. . . . . . . . .................... Long-term liabilities ..... Capital stock ............................... Retained earnings .......................... Total liabilities and equity............ $ 800 10,000 8,000 (1,400) $17.400 (in thousands) Fair Value Customer contracts ..... Assembled workforce........ Brand names ..... Leases at rents below current market ........................ Developed technology In-process research and development ... Future cost savings from elimination of duplicate assets ......... Additional expected revenues from bundling products............ $ 1,000 20,000 5,000 400 1,500 300 800 600