I need help with these questions.PR Company pays $10,000 in cash and issues no-par stock with a fair value of $40,000 to acquire all of SX Corporations net assets. SXs balance sheet at the date of acquisition is as follows.

1. SXs balance sheet at the date of acquisition is as follows. 2. PR credits capital stock in the amount of. 3. Three months after the acquisition, a fire damages SXs equipment, reducing its fair value from $6,000 to $4,000. How does PR report this event? Ignore depreciation. 4. Three months after the acquisition, a fire damages SXs equipment, reducing its fair value from $6,000 to $4,000. How does PR report this event? Ignore depreciation. 5. Three months after the acquisition, PR receives information revealing that the identifiable intangible assets reported on SXs books at the date of acquisition were really worth $12,000 instead of $14,000. How does PR report this information? Ignore amortization. 6. Now assume the acquisition cost to PR is $60,000 (not the right answer). Other facts are the same as originally reported. Goodwill reported on this acquisition is. 7. Now assume PR paid $8,000 in cash for SXs net assets. There are no consultant fees, and no shares are issued. Assume that SXs previously unrecorded intangible assets, capitalizable per GAAP, have a fair value of $500. PR records a bargain gain of.

SX Corporation Book value Fair value Current assets Property, plant & equipment, net Identifiable intangible assets 2,000 4,200 10,000 4,000 14,000 6,000 $16,000 PR's consultants find these items that are not reported on SX's balance sheet: Total assets Current liabilities Long-term debt Capital stock Retained earnings Accumulated other comprehensive income Treasury Fair value $ 1,600 2,000 12,000 ,600Potential contracts with new customers 8,000 5,000 8,000 4,000 2,000 1,000 Advanced production technology Future cost savingS (1,000) (9,600) $16,000 Customer lists Total liabilities & equity