Cash

Common Stock

Investment in Sweet Acacia company

Investment in Indigo Company

No Entry

Other Contributed Capital

Balance

Book Value of Equity Acquired

Difference between Implied and Book Value

Goodwill

Purchased Price and Implied Value

Current Assets

Current Liabilities

Expenses

Intangible assets

Liabilities

Long-term Investments

Long-term liabilities

Net Income loss

Property, Plant and Equipment

Stockholders Equity

Total Assets

Total Current Assets

Total Current Liabilities

Total Intangible Assets

Total Liabilities

Total Liabilities and Stockholders Equity

Total Long-term Investment

Total Long-term Liabilities

Total Property, Plant and Equipment

Total Stockholders Equity

Total Revenues

On January 1,2023, Sweet Acacia Company issued 1,410 of its $20 par value common shares with a fair value of $60 per share in exchange for the 2,000 outstanding common shares of Indigo Company in a purchase transaction. Registration costs amounted to $1,700, paid in cash. Just prior to the acquisition, the balance sheets of the two companies were as follows: Any difference between the book value of equity and the value implied by the purchase price relates to goodwill. Prepare the journal entries on Sweet Acacia Company's books to record the exchange of stock. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Prepare a Computation and Allocation Schedule for the difference between book value and value implied by the purchase price. Prepare a consolidated balance sheet at the date of acquisition. (List assets in order of liquidity.)