Hi I would need help in these 5 questions answered with explanation please, to help understand the material

Use the following information to answer parts 1 and 2 On January 1, 2019, Peets Corp acquired 30,000 shares (30% of the outstanding shares) of Sanders at a price of $9.00 per share, giving it significant influence over Sanders. Sanders had net income of $200,000 for the year ended December 31, 2019 and declared and paid dividends of $80,000 to its shareholders on December 31, 2019. On the date of acquisition, Sanders' net book value was $800,000 and there was no difference between the fair value and book value of Sanders' identifiable net assets. 1. Assuming that there was no impairment of any goodwill relating to the acquisition of Sanders's shares during 2019, what would be the balance in Peets Corp.'s investment in Sanders' account as of December 31, 20197 (2 marks) 2. Ignore your answer above and assume that on December 31, 2019 a test for impairment of goodwill relating to the acquisition of Sanders's shares indicated that goodwill was impaired by 40%. What would be the amount of investment income recorded by Peets Corp. relating to its investment in Sanders for the year ended December 31, 2019? (2 marks) 3. Darrell and Frosty Inc. were combined in a purchase transaction. Darrell was able to acquire Frosty at a bargain price. The purchase price was less than the sum of the fair values of identifiable assets acquired less the fair value of liabilities assumed. How should this difference between the purchase price and the fair value of the net identifiable assets be accounted for? (1 mark) 4. What does a negative acquisition differential mean? Will it always result in negative Goodwill? Explain. (3 marks)Premama Inc. is a public company. On January 1, 2018 Premama Inc. purchased 10,000 common shares (15%) of Shamrock Inc. for $115,000 in cash. Shamrock had common shares of $225,000 and retained earnings of $475,000 on this date. Premama considered Shamrock a FVTPL investment; as it did not give Premama significant influence. On December 31, 2018 the Shamrock shares were trading at $14.50 per share. On January 1, 2019, Premama purchased an additional 25% of Shamrock's shares for $410,000 in cash. This second purchase allowed Premama to exert significant influence over Shamrock. The following information was available on the date of acquisition: Carrying Value Fair Value Assets not subject to depreciation $205,000 $205,000 Assets subject to depreciation (10 year useful life) 620,000 750,000 Tradename (7 year useful life) 21,000 Liabilities 115,000 115,000 Shamrock depreciates assets using the straight-line method and has a 35% tax rate. During the two years, Shamrock reported the following: Net Income Dividends Declared 2018 $250,000 $50,000 2019 $163,000 $112,000 Additional Information Shamrock pays any dividends declared in cash on January 1 of the subsequent year. On December 31, 2019, an impairment test revealed that Premama's share of Shamrock's goodwill was impaired by $10,000. The 2019 net income included a loss from discontinued operations of $38,000 (net of tax). REQUIRED: Prepare all of Premama's journal entries for 2018 and 2019 related to Premama's investment in Shamrock.A) What are some reasons for the purchase price being in excess of the carrying value of the acquiree's assets and liabilities? What does this say about the accuracy of the values used in the financial statements of the acquiree? (3 marks) B) Under the entity theory (FVE method), the fair value of the non-controlling interest may be determined by inference. (3 marks) 1) Describe how the fair value of the non-controlling interest is determined by inference when an acquirer purchases 80% of an acquiree's common shares for $80,000. 2) Describe the shortcomings of the entity theory when the fair value of the non-controlling interest is determined by inference.On January 1, 2020 Point Reyes Corporation acquired a 45% ownership interest in Sunshine Company fo $500,000. The controller is now preparing his first set of financial statements since the acquisition and is unsure about which method of reporting is most appropriate for the investment. He has come to you for advice. REQUIRED: A) State under what conditions it would be appropriate for Point Reyes to prepare consolidated financial statements to report the investment in Sunshine. As part of your answer, briefly describe the extent of influence implied by the use of consolidation and state 2 factors that might indicate that this extent of influence does exist. (3 marks) B) State under what conditions it would be appropriate for Point Reyes to report the investment in Sunshine using the equity method. As part of your answer, briefly describe the extent of influence implied by the use of the equity method and state 2 factors that might indicate that this extent of influence does exist. (3 marks) C) State under what conditions it would be appropriate for Point Reyes to report the investment in Sunshine using proportionate consolidation (Proprietary Theory). As part of your answer, identify the extent of influence implied by the use of proportionate consolidation. (2 marks)On October 1, 2019 Preshafood Lid. paid $337,500 for 75% of the issued and outstanding common shares of Sobeys Corp. The recorded assets and liabilities of Sobeys Corp. on October 1, 2019 were: Cash $ 90,000 Inventory 125,000 Property and equipment $600,000 Accum. Amortization $200,000 400,000 Goodwill 35,000 Total Assets $650,000 Current Liabilities $ 85,000 Long Term Liabilities 115,000 Common Shares 200,000 Retained Earnings 250,000 Total Liabilities & Equity $650,000 On October 1, 2019, Sobeys Corp. inventory had a fair value of $130,000, and the property and equipment (net) had a fair value of $435,000 and Long Term Liabilities had a fair value of $118,000. The business combination agreement stated that if Sobeys earnings exceed $2.50 per share in the next 2 years an additional payment equal to $50,000 would be paid to Sobey's shareholders. An actuary valued this a as equivalent to $35,000 if paid at acquisition date. REQUIRED: a) Calculate the amount of goodwill resulting from the business combination using the entity theory (6 marks) b ) Calculate the non-controlling interest at acquisition date using the entity theory - Fair Value Enterprise (FVE)