Consolidation with Previously Unrecorded Intangibles and Goodwill Brightcove, Inc. acquires all of the stock of Ciber, Inc. for $25 million in cash and accounts for the acquisition as a stock acquisition. Balance sheet information at the date of acquisition is as follows (in thousands): Brightcove, Inc. Book Value Ciber, Inc. Book Value Fair Value Dr (Cr) Dr (Cr) Dr (Cr) Current assets Plant and equipment, net Licenses and trademarks $35,000 $200 $150 100,000 6,000 2,000 2,500 3,500 Investment in Ciber 25,000 Current liabilities (40,000) (400) (400) Long-term liabcities (75,000) (5,000) (5.500) Capital stock (17,500) (4,000) Retained earnings (27,500) 700 Total 50 50 sition. The consultant Brightcove hires a consultant to identify and value any previously unreported intangible assets attributable to Ciber at the date of acquisition. The consultant identifies the following intangibles: Customer contracts Assembled workforce. Brand names Leases at rents below current market Developed technology in-process research and development Future cost savings from elimination of duplicate assets Additional expected revenues from bundling products Fair Value (in thousands) $500 10,000 2,500 200 750 150 400 300 a. Prepare a schedule of the excess of acquisition cost over Ciber's book value and its allocation to Ciber's identifiable net assets and goodwill, (all amounts in thousands) When appropriate, use negative signs with your excess of fair value over book value answers (left column only). Do not use negative signs in the right column. Enter answers in thousands. When appropriate, use negative signs with your excess of fair value over book value answers (left column only). Do not use negative signs in the right column. Enter answers in thousands. Acquisition cost $ Ciber book value 0 Excess of acquisition cost over book value $ 0 Excess of fair value over book value Current assets Plant and equipment, net Licenses and trademarks Long term liabilities Customer contracts Brand names Favorable leases Developed technology Assembled workforce- Goodwill 0 0 0 0 0 0 $ 0 Use negative signs with your credit balance answers in the Consolidated Balances column. Consolidation Working Paper Accounts Taken From Books (in thousands) Current assets Plant and equipment net Licenses and trademarks Investment in Ciber Customer contracts Brand names 0 Consolidated Balances Dr (Cr) Eliminations Brightcove Dr (Cr) Ciber Dr (Cr) Debit Credit $35,000 $200 0(R$ 100,000 6,000 0 (R) 2.500 (R) 0 25,000 0(E) 0 OR -R (R) -R (R EEEEEE 0. 0 0 (R o o 0 Goodwill Current liabilities (40,000 (4001 0 Long-term liablities. (75,000) (5,000) 009) 0 Capital stock (17,500) (4,000) (0) 0 0 Retained earnings (27,500) 700 0(E) 0 G Total 50 50 S 01 O Total 50 30 0 (1) 05 c. Prepare the consolidated balance sheet at the date of acquisition, in good form. (all amounts in thousands) Brightcove, Inc. and Subsidiary Consolidated Balance Sheet Date of Acquisition Liabilities 0 Current abilities Assets Current assets Plant and equipment, net Licenses and trademarks Other identifiable intangible assets Goodwill Total assets Please answer all parts of the question. 0 o Long term liabilities O Total liabilities 0 o Stockholders equity Capital stock Retained earnings Total equity 0 Total liabilities and equity s 0 0