Consolidation at date of acquisition (purchase price greater than book value, acquisition journal entries Assume that the parent company acquires its subsidiary by exchanging 50,000 shares of its $1 par value Common Stock, with a fair value on the acquisition date of $36 per share, for all of the outstanding voting shares of the investee. In its analysis of the investee company, the parent values all of the subsidiary's assets and liabilities at an amount equaling their book values except for an unrecorded Trademark with a fair value of $144,000, an unrecorded Video Library valued at $360,000, and Patented Technology with a fair value of $72,000. a. Prepare the journal entry that the parent makes to record the acquisition. c. Prepare the consolidation spreadsheet. d. Where were the intangible assets on the parent or subsidiary's balance sheets? On the parent's balance sheet embedded in the equity investment account. On the subsidiary's balance sheet, each intangible asset is listed