On December $31,$ Year $1,$ P Company purchased $80\%$ of the outstanding shares of S Company for $$13,200$ cash.

The statements of financial position of the two companies immediately after the acquisition transaction appear below.

P Company S Company

Carrying Amount Carrying Amount Fair Value

Plant and equipment $($net$)$ $ $9,300$ $ $7,600$ $ $10,800$

Investment in S Company $13,200$

Inventory $6,3605,1005,800$

Accounts receivable $5,5503,0003,000$

Cash $3,9002,2502,250$

$ $38,310$ $ $17,950$

Ordinary shares $ $11,700$ $ $4,200$

Retained earnings $20,1105,650$

Long$-$term liabilities $4,2003,2003,200$

Other current liabilities $1,2003,0003,000$

Accounts payable $1,1001,9001,900$

$ $38,310$ $ $17,950$

Required:

$($a$)$ Calculate consolidated goodwill at the date of acquisition under the proportionate consolidation method. $($Omit $ sign in your response.$)$

Consolidated goodwill $

$($b$)$ Prepare a consolidated statement of financial position at the date of acquisition under each of the following:

$($i$)$ Identifiable net assets method

$($ii$)$ Fair value enterprise method

c$)$ Calculate the current ratio and debt$-$to$-$equity ratio for P Company under the identifiable net assets $($INA$)$ method and the fair value enterprise $($FVE$)$ method. $($Round "Current ratio" answers to $2$ decimal places and "Debt to equity ratio" answers to $4$ decimal places.$)$

INA FVE

Current ratio

Debt to equity ratio