Can someone please help me with this

Consolidation at date of acquisition (purchase price equals book value) A parent company acquires its subsidiary by exchanging 50,000 shares of its Common Stock, with a fair value on the acquisition date of $24 per share, for all of the outstanding voting shares of the investee. a. What is the total fair value of the subsidiary on the acquisition date? $ 0 b. Prepare the consolidation entry or entries on the date of acquisition, given the date of acquisition balance sheets of the parent and subsidiary appearing in part c. below. Consolidation Worksheet Description Debit Credit [E] Common stock 0 0 0 APIC 0 0 0 0 0 Consolidated $ 0 0 0 0 0 0 C. Prepare the consolidated balance sheet on the date of acquisition. Elimination Entries Balance Sheet Parent Subsidiary Dr Assets Cash $480,000 $271,200 Accounts receivable 1,500,000 417,600 Inventory 2,300,000 536,400 Equity investment 1,200,000 0 Property, plant and equipment (PPE), net 11,150.000 992,400 $16,630,000 $2,217,600 Liabilities and stockholders' equity Accounts payable $750,000 $152,400 Accrued liabilities 880,000 265,200 Long-term liabilities 3,500,000 600,000 Common stock 1,600,000 120,000 0 APIC 3,800,000 150,000 Retained earnings 6,100,000 930,000 $16,630,000 $2,217,600 $ 0 $ 0 0 0 0 0 O 0 0 0 0 0 0 0 $ 0