Chaney acquires 100% of the voting shares of Roberts on January 1, 2010 in a transaction structured as an acquisition. Assume that using the acquisition method, goodwill f $2,000,000 resulted. In addition to the initial payment to Roberts shareholders, Chaney agrees that if in years, Roberts earnings increase by 40%, Chaney will pay an additional $500,000 to Roberts shareholders. At the date of acquisition, the probability of meeting this earnings target is viewed as 70%. a. Prepare the journal entry to be recorded by Chaney on January 1, 2010 (you may ignore the 2. 2 time value of money) Assume that at the end of 2012, Roberts earnings have increased by 50%, what entry is recorded by Chaney at that time. Assume that at the end of 2012, Roberts earnings have increased by 30%, what entry is recorded by Chaney at that time. b. C