Depreciation on Yount fixed assets is straight-line using a 20-year life with no salvage value. 1. Prepare a value analysis for the acquisition and record the acquisition. 2. Prepare a pro forma income statement for the combined firm for 2015. Show supporting calculations for consolidated income. Ignore tax issues. Alternate consideration, bargain. Kiln Corporation is considering the acquisition of Williams Incorporated. Kiln has asked you, its accountant, to evaluate the various offers it might make to Williams Incorporated. The December 31, 2015, balance sheet of Williams is as follows: Depreciation on Yount fixed assets is straight-line using a 20-year life with no salvage value. 1. Prepare a value analysis for the acquisition and record the acquisition. 2. Prepare a pro forma income statement for the combined firm for 2015. Show supporting calculations for consolidated income. Ignore tax issues. Alternate consideration, bargain. Kiln Corporation is considering the acquisition of Williams Incorporated. Kiln has asked you, its accountant, to evaluate the various offers it might make to Williams Incorporated. The December 31, 2015, balance sheet of Williams is as follows