Company S has no long-term marketable securities. Assume the following scenarios: Case A Assume that P Company paid $134,770 cash for 100% of the net assets of S Company.

S COMPANY
Assets
		Current Assets		Long-lived Assets		Liabilities		Net Assets
Book Value		$16,130		$92,570		$22,000		$86,700
Fair Value		19,860		141,570		30,020		131,410

Case B Assume that P Company paid $117,600 cash for 100% of the net assets of S Company.

S COMPANY
Assets
		Current Assets		Long-lived Assets		Liabilities		Net Assets
Book Value		$16,130		$92,570		$22,000		$86,700
Fair Value		30,240		79,310		21,070		88,480

Case C Assume that P Company paid $13,660 cash for 100% of the net assets of S Company.

S COMPANY
Assets
		Current Assets		Long-lived Assets		Liabilities		Net Assets
Book Value		$16,130		$92,570		$22,000		$86,700
Fair Value		20,410		43,660		37,790		26,280

Complete the following schedule by listing the amount that would be recorded on Ps books.

				Assets						Retained Earnings
		Goodwill		Current Assets		Long-lived Assets		Liabilities		(Gain)
Case A		$		$		$		$		$
Case B
Case C