Company purchased 75% shares of Company on Jan 1. Year 3 by paying each of 750,000 (cost method). Both companies have Dec 31 year end and use IFRS. On the date of acquisition Ps common share balance was 900,000; retained earrings was 700,000 5% common there was 250.000 and retained earning 475,000. All the book values of the sets of Company was equal to the fair value at the detection except the following L. For value of Plant Awets were 77,000 higher than netbook value remaining life: 7ans) Fair value of the trademark was 40,000 more than the book value amortization period: 5 years) a. Fale value of Long Term Debt w 17,000 more than netbook value to be settled on Dec 31, Year 4) The trademark was tested for impairmerit in Years and tripamentos 1,000 was recorded. The goodwill arising out of the acquisition was tested every year, and marment of 7,500 was recorded in Year and Year Tables provides information pertaining to and she income dividend. The income statement of Pond Sisiven below in shaded space for Y-7. There was no new share word by Ser acquisition, Mo intercompany transaction Puppened during 83 to 17 between and SP and maintained its dividend payout some previous years. Required . Calculate Goodwill on the date of acquisition b. Prepare an Acqulution Differential Schedule for Y3 to 9.7 in the shaded space Prepare a corolidated Income Statement for in the shaded d. Calculate Net Income Attributable to and Nor Greutate Balance on Dec 31,77 for Comolidated Statement of Financial Position; Y Netice $135.000 $54,000 5128,000 74 Y5 Y6 Didend Net Income Olidend et income Did Not income Dividend et income Mend 549,000 $13,000 S49,000 $175,000 $19.000 5145.000 S43.000 165,000 S49,000 $42.000 545.000 $42.000 53.000 542,000 $65.000 $42.000 71.000 $107.000 $119.000 5114.500 S14500 Consolidated Shaded Sofort Company purchased 75% shares of Company on Jan 1. Year 3 by paying each of 750,000 (cost method). Both companies have Dec 31 year end and use IFRS. On the date of acquisition Ps common share balance was 900,000; retained earrings was 700,000 5% common there was 250.000 and retained earning 475,000. All the book values of the sets of Company was equal to the fair value at the detection except the following L. For value of Plant Awets were 77,000 higher than netbook value remaining life: 7ans) Fair value of the trademark was 40,000 more than the book value amortization period: 5 years) a. Fale value of Long Term Debt w 17,000 more than netbook value to be settled on Dec 31, Year 4) The trademark was tested for impairmerit in Years and tripamentos 1,000 was recorded. The goodwill arising out of the acquisition was tested every year, and marment of 7,500 was recorded in Year and Year Tables provides information pertaining to and she income dividend. The income statement of Pond Sisiven below in shaded space for Y-7. There was no new share word by Ser acquisition, Mo intercompany transaction Puppened during 83 to 17 between and SP and maintained its dividend payout some previous years. Required . Calculate Goodwill on the date of acquisition b. Prepare an Acqulution Differential Schedule for Y3 to 9.7 in the shaded space Prepare a corolidated Income Statement for in the shaded d. Calculate Net Income Attributable to and Nor Greutate Balance on Dec 31,77 for Comolidated Statement of Financial Position; Y Netice $135.000 $54,000 5128,000 74 Y5 Y6 Didend Net Income Olidend et income Did Not income Dividend et income Mend 549,000 $13,000 S49,000 $175,000 $19.000 5145.000 S43.000 165,000 S49,000 $42.000 545.000 $42.000 53.000 542,000 $65.000 $42.000 71.000 $107.000 $119.000 5114.500 S14500 Consolidated Shaded Sofort