On Dec 31, 2022, Pipsqueak Company decides to acquire the ASSETS of Squeaky Toy Company. On that date Squeaky Toy Company had the following balances: BOOK Value Fair Market Value Current Assets Building Accum Dep-B Equipment Accum dep Current Liabilities $135,000 $450,000 ($150,000) $360,000 ($50,000) ($100,000) ($200,000) ($50,000) ($100,000) ($295,000) $125,000 $625,000 $350,000 Bonds Payable Com Stock ($100,000) ($175,000) PIC R/E During 2022, Squeaky Toy Company earned a profit of $250,000. The seller's industry expects a Return on Investment of 8%. Required: a. Calculate the price if Squeaky Toy Company asks for 5 years of excess earnings. b. Record the purchase of the company on the books of Pipsqueak c. Record the sale on the books of Squeaky Toy.