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Equity Methed and Eliminating Entries, First Year On januacy 1. 2020, plyed inciacquired oif of the stock of San jose Cable for 5250 milion in

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Equity Methed and Eliminating Entries, First Year On januacy 1. 2020, plyed inciacquired oif of the stock of San jose Cable for 5250 milion in cash At the date of acquisition. Playters shareholders equity accounts were as follows lin thousands) Both compinies huve a December 31 yearend. At the dite of acquisition, San joses reported net assets had book values approximating fair value. Howevee, ic had previously unreported indefinite-life identifable intangbies valued ot $50 milion, meeting ASC Topic 805 requirements for capitalization. limpairment losses in 2020 for identifiable intangbles vere 51 millon Goodwil from this acquisition was not impaired in 2020 . San josie reported net income of 54 million in 2020 . and paid no dividends. Playtel uses the complete eguity method to report its imetimentin 5 an jose on its owr books Required a. Calculate the ongnal amount of goodwill for this acquinton. (in thousands) b. Calculate equity in net income of San jore, reported on Playrefs books in 2020 (1) (in thocuanti) c. Prepare eliminating entries (C), (E), (R) and (O) required to consolidate Playte's trial balance accounts with those of Sacjose on December 31,2020. Enter numerical answers in thousands, Piease answer all parts of the

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