Information on balance sheet book values and fair values just prior to Python Companys acquisition of Slither Corporation is as follows (All amounts shown are in thousands):
		Python Book Value	Python Book Value	Python Book Value
		Dr (Cr)	Dr (Cr)	Dr (Cr)
Current assets		$280,000.00	$4,000.00	$3,600.00
Plant assets		$500,000.00	$50,000.00	$40,000.00
Identifiable intangible assets		$40,000.00	$6,000.00	$100,000.00
Current liabilities		-$100,000.00	-$3,000.00	-$3,000.00
Long-term liabilities		-$370,000.00	-$50,000.00	-$48,000.00
Common stock		-$2,000.00	-$400.00
Additional paid-in capital		-$260,000.00	-$12,800.00
Retained earnings		-$108,000.00	$6,000.00
Treasury stock		$8,000.00	$1,000.00
Accumulated OCI		$12,000.00	$800.00
Total		$0.00	$0.00
Python acquires all of Slithers common stock for $200,000 in cash.
a. The working paper to consolidate Python and Slither at the date of acquisition
appears below. Fill in eliminating entries (E) and (R). Compute the
consolidated balances.
	Python	Slither			Consolidated
	Dr (Cr)	Dr (Cr)	Dr	Cr	Dr (Cr)
Current assets	$80,000.00	$4,000.00
Plant assets	$500,000.00	$50,000.00
Investment in Slither	$200,000.00
Identifiable intangible assets	$40,000.00	$6,000.00
Goodwill
Current liabilities	-$100,000.00	$3,000.00
Long-term liabilities	-$370,000.00	-$50,000.00
Common stock	-$2,000.00	-$400.00
Additional paid-in capital	-$260,000.00	-$12,800.00
Retained earnings	-$108,000.00	$6,000.00
Treasury stock	$8,000.00	$1,000.00
Accum. other comprehensive (income) loss	$12,000.00	-$800.00
Total	0.00	0.00
b. Present, in good form, the date-of-acquisition consolidated balance sheet.

Intormation on balance sheet book values and tair values just prior to Python Company's acquisition of Slither Corporation is as follows (All amounts shown are in thousands) Python Dr $ 4,000 Python Python Book Value Book Value Book Value Dr Dr (C $ 280,000 500,000 40,000 (100,000) (370,000) Current assets Plant assets Identifiable intangible assets Current liabilities Long-term liabilities Common stock Additional paid-in capital Retained earnings Treasury stock Accumulated OCI Total 50,000 6,000 (3,000) (50,000) $ 3,600 40,000 100,000 (3,000) (48,000) (2,000) (400) (260,000) (12,800) 6,000 1,000 (800 (108,000) 8,000 12,000 Python acquires all of Slither's common stock for $200,000 in cash. Required: a. The working paper to consolidate Python and Slither at the date of acquisition appears below. Fill in eliminating entries (E) and (R). Compute the consolidated balances. Python Slither Consolidated in thousands) Current assets Plant assets Investment in Slither Identifiable i Goodwill Current liabilities Long-term liabilities Common stock Additional paid-in capital (260,000) Retained earnin Treasury stock Accum. other comprehensiv Dr Dr Cr Dr Dr (Cr s 80,000 500,000 200,000 ible assets 40,000 4,000 50,000 6,000 (100,000) 0,000) (50,000) 12,800) 08,000 8,000 1,000 (income) loss