Could you calculate the goodwill please?

FV of the bond should be $1,111,982.28

Consolidations Review Problem: (20 points). Due on November 3, 2020 at 11:59 pm. Submitted on Canvas. (Typed) Always use the effective interest method. Penny purchased 85% of the outstanding common stock of Spice on 1/1/18 for $18.7 million in cash. Spice reported the following income and dividends for 2018 and 2019 (in 000's): Net Income Dividends 2018 1.000 500 2019 4,000 1,500 The following are the fair value book value amounts for Spice on 1/1/18 (in 000's): Book Value Fair Values 600 1,500 1,200 600 1.500 1,800 Cash Receivables Inventory (FIFO) Plant & Equipment Less: Accumulated Deprn. Patent Customer relationships Trademark 11,000 10.000 3,000 5,000 800 500 Accounts Payable Bond Payable 1069.003 901.997 1069.003 ? Common stock Retained Earnings 5400 2929 The $1,000 face bond pays interest semi-annually on 6/30 and 12/31 and had 15 years until maturity at the Spice acquisition date. The bond was originally issued when the market rate was 6% with a coupon rate of 5%. On 1/1/18, the market rate was 4%. The plant & equipment had remaining useful lives of 5 years at 1/1/18 and the patent has a 10 year useful life at 1/1/18. Customer relationships estimated useful life is 4 years. Trademark is not amortized. a. Prepare the required consolidation entries for this subsidiary for 2019. All numbers on the worksheet are in 000's. These should be neatly written on pages separately from the worksheet. Show all of your work in an organized, clear manner. b. Prepare the consolidated worksheet. Consolidations Review Problem: (20 points). Due on November 3, 2020 at 11:59 pm. Submitted on Canvas. (Typed) Always use the effective interest method. Penny purchased 85% of the outstanding common stock of Spice on 1/1/18 for $18.7 million in cash. Spice reported the following income and dividends for 2018 and 2019 (in 000's): Net Income Dividends 2018 1.000 500 2019 4,000 1,500 The following are the fair value book value amounts for Spice on 1/1/18 (in 000's): Book Value Fair Values 600 1,500 1,200 600 1.500 1,800 Cash Receivables Inventory (FIFO) Plant & Equipment Less: Accumulated Deprn. Patent Customer relationships Trademark 11,000 10.000 3,000 5,000 800 500 Accounts Payable Bond Payable 1069.003 901.997 1069.003 ? Common stock Retained Earnings 5400 2929 The $1,000 face bond pays interest semi-annually on 6/30 and 12/31 and had 15 years until maturity at the Spice acquisition date. The bond was originally issued when the market rate was 6% with a coupon rate of 5%. On 1/1/18, the market rate was 4%. The plant & equipment had remaining useful lives of 5 years at 1/1/18 and the patent has a 10 year useful life at 1/1/18. Customer relationships estimated useful life is 4 years. Trademark is not amortized. a. Prepare the required consolidation entries for this subsidiary for 2019. All numbers on the worksheet are in 000's. These should be neatly written on pages separately from the worksheet. Show all of your work in an organized, clear manner. b. Prepare the consolidated worksheet