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help me here please thank youuu. PROBLEM 1 P Company acquires all of Company's outstanding stock on January 1, 2020, by paying 340,000 cash, and

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help me here please thank youuu.

PROBLEM 1 P Company acquires all of Company's outstanding stock on January 1, 2020, by paying 340,000 cash, and immediately prepares a consolidated balance sheet. The separate balance sheets of the two companies immediately prepares before the consolidation with acquiree's fair value were presented as follows: Assets Cash Accounts Receivable Inventory Land Building and Equipment (net) Total Assets P company s Company Book Value Book Value 350,000 50,000 75,000 50,000 100,000 60,000 175,000 40,000 400,000 300,000 1,100,000 500,000 S Company Fair Value 50,000 50,000 75,000 100,000 290,000 565,000 100,000 135,000 Liabilities and Stockholder's Equity Accounts Payable Bonds Payable Common Stock, P10 par Paid in capital in excess of par Retained earnings Stockholder's Equity 100,000 200,000 500,000 50,000 250,000 1,100,000 100,000 100,000 200.000 20,000 80,000 500,000 1. What amount of Goodwill will be reported on January 1, 2020? a. 10,000 b. (10,000) c. 20,000 d. (20,000) 2. What is the amount of Cash in the Consolidated Balance Sheet on January 1, 2020? a. 400,000 b. 50,000 C. 60,000 d. 350,000 3. What is the amount of Total Assets in the Consolidated Balance Sheet on January 1, 2020? a. 1,335,000 b. 1,325,000 c. 1,100,000 d. 1,000,000 4. What is the amount of Non-Current Assets in the Consolidated Balance Sheet on January 1, 2020? a. 965,000 b. 1,325,000 . c. 1,195,000 d. 975,000

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