Good evening. My wife needs assistance with the following questions ASAP (see attached). Please provide step-by-step computation of your answer.

1. Liu Company acquires Heller, Inc., by issuing 30,000 shares of $1 par common stock with a market price of $22 per share on the acquisition date and paying $150,000 cash. The assets and liabilities on Heller's balance sheet were valued at fair values except equipment that was undervalued by $225,000. There was also an unrecorded patent valued at $45,000, as well as an unrecorded trademark valued at $60,000. In addition, the agreement provided for additional consideration, valued at $50,000, if certain earnings targets were met. The pre-acquisition balance sheets for the two companies at acquisition date are presented below. Cash Accounts receivable Inventory Property, plant, and equipment Accounts payable Salaries and taxes payable Notes payable Common stock Additional paid-in capital Retained earnings Liu $ 220,600 125,000 106,000 2,003,500 $2,455,100 Heller $ 25,400 132,000 201,000 406,500 $764,900 $ $ 32,700 45,900 220,000 60,000 106,500 299,800 $764,900 40,500 37,600 510,100 230,000 950,000 686,900 $2,455,100 Compute the consolidated common stock. 2. On January 1, 2017, Leahy Corp. paid $600,000 to acquire Fischer Co. Leahy used the equity method to account for the investment. The following information is available for the assets, liabilities, and stockholders' equity accounts of Fischer: Current assets Land Building (twenty-five year life) Equipment ( ten year life) Current liabilities Book Value $95,000 87,500 265,000 207,500 20,000 Fair Value $95,000 118,500 290,000 186,500 20,000 Long-term liabilities Common stock Additional paid-in capital Retained earnings 70,000 136,500 250,000 178,500 70,000 Fischer earned net income for 2017 of $90,250 and paid dividends of $40,000 during the year. What is the AAP amortization for 2017? 3. On January 1, Mumford purchased 10% of Heller's common stock. On September 1, it purchased another 30% of Heller's common stock. During November, Heller declared and paid a cash dividend on its common stock. [NOTE: Assume transition is the retrospective approach for fiscal years (and interim periods) beginning before December 15, 2016.] How much income from Heller should Mumford report on its income statement? Select one: A. 10% of Heller's income for January 1 to August 31, plus 40% of Heller's income for the remainder of the year B. 40% of Heller's income from September 1 to December 31 only C. 30% of Heller's income D. The amount of dividends received from Heller 4. On January 2, 2016, Leahy, Inc. purchased a 25% interest in Bava Corp. for $2,000,000 cash. During 2016, Bava's net income was $3,500,000 and it paid dividends of $800,000. What was Leahy's 2016 income from Bava? Show computation