Exercise 4-11 On January 1, 2017, Plutonium Corporation acquired 80% of the outstanding stock of Sulfurst Inc. for $282,700 cash. The following balance sheet shows Sulfurst Inc.'s book values immediately prior to acquisition, as well as the appraised values of its assets and liabilities by Plutonium's experts. Sulfurst Inc.'s Book Values $92,600 Sulfurst Inc.'s Market Values $92,600 95,500 168,200 Current assets Property, plant & equipment: Land Building & machinery (net) Total assets Total liabilities Common stock, $5 par value Additional paid-in-capital Retained earnings Total liabilities and equities $98,300 73,600 168,200 $334,400 $98,300 108,500 19,300 108,300 $334,400 (a) Prepare a Computation and Allocation Schedule for the Difference between Book Value and the Value Implied by the Purchase Price. Parent Share Non- Controlling Share Entire Value Purchase Price and Implied Value 282700 Less Book Value of Equity Acquired 226160 Difference Between Implied and Book Value Land Balance Goodwill Balance $ Click if you would like to Show Work for this question: Open Show Work