Case A Target's Books Current Assets Long-term Assets Liabilities Book Value $15,000.00 $85,000.00 $20,000.00 Fair Value $20,000.00 $130,000.00 $30,000.00 Assume Parent offers $150,000 for 100% of Target's net assets. Case B Target's Books Current Assets Long-term Assets Liabilities Book Value $15,000.00 $85,000.00 $20,000.00 Fair Value $30,000.00 $80,000.00 $20,000.00 Assume Parent offers $130,000 for 100% of Target's net assets. Case C Target's Books Current Assets Long-term Assets Liabilities Book Value $15,000.00 $85,000.00 $20,000.00 Fair Value $40,000.00 $60,000.00 $60,000.00 Assume Parent offers $25,000 for 100% of Target's net assets. For each of the cases, prepare the journal entries that would be recorded on the Parent's books