International Technology Inc. $($ITI$)$ acquires all.of the voting stock of Global Outsourcing Corporation $($GOC$)$ on June $30,2010.$ Amounts paid are as follows $($in millions$)$:

$\backslash$table$[[$Cash consideration to the former shareholders of GOC,$$30],[1,200,000$ shares of new $$1$ par common stock issued,$36],[$Registration fees on new stock issued, paid in cash,$1\mathrm{.}8],[$Outside legal and advisory services, paid in cash,$3],[$Fair value of earnings contingency,$1\mathrm{.}2]]$

The earnings contingency provides for a potential payout to the former shareholders of GOC at the end of the third year following acquisition. The balance sheets of both companies immediately prior to the acquisition are as follows. Fair values of GOC's assets and liabilities at the date of acquisition are also provided.

$\backslash$table$[[,$ITI,GOC$],[$Balance Sheets $($in millions$),$Book Value,Book Value,$],[$Current assets,$$120,$$$6,$$$9],[$Property$,$ plant and equipment, net,$300,78,42],[$Intangible assets,$780,12,18],[$Total assets,$$1,200,$$$96,],[$Current liabilities,$$90,$$$12,$$$12],[$Long$-$term liabilities,$720,60,61\mathrm{.}8],[$Common stock, par,$12,2\mathrm{.}4,],[$Additional paid$-$in capital,$330,36,],[$Retained earnings,$60,(15),],[$Accumulated other comprehensive income,$(9),1\mathrm{.}8,],[$Treasury stock,$(3),(1\mathrm{.}2),],[$Total liabilities and equity,$$1,200,$$$96,]]$

The intangible assets reported above consist of patents and trademarks. GOC also has the following previously unreported intangible assets that meet ASC Topic $805$ requirements for asset recognition:

$\begin{array}{cc}?& \text{B}\text{a}\text{r}\text{p}\\ \text{A}\text{d}\text{v}\text{a}\text{n}\text{c}\text{e}\text{d}technology& \text{\$}3\\ \text{C}\text{u}\text{s}\text{t}\text{o}\text{m}\text{e}\text{r}\text{l}\text{i}\text{s}\text{t}\text{s}& 15\end{array}($a$)$ Prepare the journal entry or entries ITI makes to record the acquisition on its own books $($in millions and enter all decimal places$).$

$($b$)$ Prepare a working paper to consolidate the balance sheets of ITI and GOC at June $30,2010.$

Enter answers in millions and enter all decimal places. Remember to use negative signs with your credit balance answers in the Dr $($Cr$)$ columns. $($b$)$ Prepare a working paper to consolidate the balance sheets of ITI and GOC at June $30,2010.$

Enter answers in millions and enter all decimal places. Remember to use negative signs with your credit balance answers in the Dr