Exponia bought all of Pricepoint's voting stock on January 1, 2017 for $20,000. Fair value information on Price point's assets and liabilities at the date of acquisition is as follows: Plant and equipment is overvalued by $5,000. P&E has a 10-year remaining life, straight-line. Previously unreported identifiable intangibles, meeting the criteria for capitalization, are valued at $7,000. These intangibles have indefinite lives, but testing reveals impairment (amortization) of $800 in 2017. Goodwill reported for this acquisition is not impaired in 2017. Exponia uses the complete equity method to account for its investment in Pricepoint, on its own books. Trial balances for both companies at December 31, 2017 are in the consolidation working paper below. Calculate the initial goodwill/bargain recognized for this acquisition. Prepare a schedule to calculate equity in net income, reported on Exponia's books, for 2017. Prepare the required journal entries to prepare the working paper to consolidate the trial balances of the two companies at December 31, 2017. Prepare, in good form, the 2017 consolidated statement of income and comprehensive income and the consolidated balance sheet at December 31, 2017