On 31 December 20xo Hardy Company acquired for cash all the issued share capital of Laurel Company for an amount of 70000. cash account receivable inventory HARDY LAUREL FAIR VALUE 25.000 60000 55000 53000 60.000 property, plant, equipment 88.00 130000 investment in LAUREL 50.000 account payable loans payable Contingent Liabilines (3500) (35000) (40000) (88.) (88.00) (72.000) NOT recorded in LAUKEL'S OFFICIAL STATEMENT REQUIREMENTS: 1) What is the goodwill on acquisition? Ignore Tax considerations 2) Consilidatid balance sheet of the group 3) Consolidation entries at the date of acquisition