EJERCICIO IV - PURCHASE WITH GAIN Chavela Co. is purchasing 100% of the outstanding stock of Ezek Co. for $700,000. Ezek has the following Balance Sheet on the date of acquisition: Appraisals indicate that the following fair values for the assets and liabilities should be acknowledged: 1. Prepare the value analysis schedule and the determination and distribution of excess schedule. Prepare the elimination entries that would be made on a consolidated worksheet prepared on the date of purcha