Assume that Big Company decides to Calculation of fair acquire 100% of Little Company for value of the net $200,000. Prepare the consolidated assets of Little balance sheet and any supporting Big Company Balance Sheet Assets, Liabilities & Equities Cash Inventory Land PP&E Accumulated Depreciation Patent Tota I Assets Common Stock Additional Paid In Capital Retained Earnings Total Liabilities & Equity Book Value S 500,000 S 10,000 S 50,000 S 40,000 S 400,000 -S 150,000 So $850,000 S 110,000 S 395,000 S 300,000 $45,000 $850,000 Company $35,000 $10,000 $65,000 50,000 $ 50,000 -$5,000 So $205,000 $25,000 S 25,000 $35,000 S 100,000 $185,000 Cash Inventory Land PP&E Cash Journal Entry for Acquisition $35,000 $ 10,000 $65,000 50,000 $ 50,000 Assume that Big Company decides to acquire 100% of Little Company for $200,000. Prepare the consolidated balance sheet and any supporting worksheets. Big Company Worksheet Assets, Liabilities & Equities Cash Inventory Land $25,000 PP&E $200,000 Accumulated Depreciation Goodwill Patent Tota I Assets Common Stock Additional Paid In Capital Retained Earnings Total Liabilities & Equity Prepare the Consolidated Balance Sheet in the area below dig Company Balance Sheet Assets, Liabilities & Equities Cash Inventory Land PP&E Accumulated Depreciation Patent Tota I Assets Common Stock Additional Paid In Capital Retained Earnings Total Liabilities & Equity Little Company Balance Sheet Assets, Liabilities & Equities Cash Inventory Land PP&E Accumulated Depreciation Patent Tota I Assets Common Stock Additional Paid In Capital Retained Earnings Total Liabilities & Equity Book Value Ss 5,000 S 10,000 $65,000 S 40,000 S 40,000 -S 5,000 So $185,000 $25,000 $25,000 $35,000 S 100,000 $185,000 Assume that Fair Value of all noncash assets are 25% greater than book value