On December 31, Year 1, P Company purchased 80% of the outstanding shares of S Company for $13,400 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)	$	9,500		$	7,200		$	11,000
Investment in S Company		13,400
Inventory		6,560			5,300			5,600
Accounts receivable		5,950			3,200			3,200
Cash		4,300			2,450			2,450
	$	39,710		$	18,150
Ordinary shares	$	11,900		$	4,400
Retained earnings		20,710			5,050
Long-term liabilities		4,400			3,400			3,400
Other current liabilities		1,400			3,200			3,200
Accounts payable		1,300			2,100			2,100
	$	39,710		$	18,150

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