On April 1, 2019, the balance sheets of Optimum Inc. and Electra Inc. were as follows:

	Optimum Inc	Electra Inc
Cash and Short-Term Securities	$380,000	$ 20,000
Inventory	$ 50,000	$ 10,000
Plant and Equipment (net)	$320,000	$120,000
Total Assets	$750,000	$150,000
Current Liabilities	$ 75,000	$ 15,000
Bonds Payable	$100,000	$ 30,000
Common Shares	$150,000	$ 55,000
Retained Earnings	$425,000	$ 50,000
Total Liabilities and Equity	$750,000	$150,000

On that date, the fair values of Electra's Assets and Liabilities were as follows:

Short-Term Securities	$ 32,000
Inventory	$ 5,000
Plant and Equipment (net)	$150,000
Current Liabilities	$ 15,000
Bonds Payable	$ 28,000

On April 1, 2019, Optimum issued 5,000 new common shares with a market value of $50.00 per share as consideration for Electra's net assets. Prior to the issue, Optimum had 10,000 outstanding common shares. Required: a) Calculate the amount of Goodwill arising from this combination. b) Prepare the journal entry to record Optimum's acquisition of Electra's assets. c) Prepare Optimum's Consolidated Balance Sheet immediately following its acquisition of Electra's assets. d) Prepare Electra's Balance Sheet following the acquisition