Consolidation with Previously Unrecorded Intangibles and Goodwill (see related E2.10) Brightcove, Inc. acquires all of the stock of Ciber, Inc. for $80 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. Ciber, Inc. Book Value Dr (Cr) Book Value Dr (Cr) Fair Value Dr (Cr) $ 40,000 200,000 $ 400 12,000 5,000 $ 250 5,000 8,000 Current assets ...... Plant and equipment, net..... Licenses and trademarks ..... Investment in Ciber ...... Current liabilities. ........ Long-term liabilities ...... Capital stock ........... Retained earnings .. ....... 80,000 (80,000) (150,000) (35,000) (55,000) (800) (9,500) (800) (10,000) (8,000) 1,400 A Total ..., Brightcove hires a consultant to identify and value any previously unreported intangible assets attribut- able to Ciber at the date of acquisition. The consultant identifies the following intangibles: Fair Value (in thousands) 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 ........ $ 2,000 25,000 3,000 500 200 1,000 400 800 Required 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. b. Prepare a working paper to consolidate the balance sheet accounts of Brightcove and Ciber at the date of acquisition. c. Prepare the consolidated balance sheet at the date of acquisition, in good form