On December 31, Year 1, P Company purchased 80% of the outstanding shares of S Company for $7,600 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 $ 6,100 Investment in S Company 7,600 Inventory 6,360 5,100 5,800 Accounts receivable 5,550 3,000 3,000 Cash 3,900 2,250 2,250 $ 32,710 $ 17,950 Ordinary shares $ 11,700 $ 4,200 Retained earnings 14,510 5,650 Long-term liabilities 4,200 3,200 3,200 Other current liabilities 1,200 3,000 3,000 Accounts payable 1,100 1,900 1,900 $ 32,710 $ 17,950 Required: (a) Calculate consolidated goodwill at the date of acquisition under the proportionate consolidation method. Consolidated goodwill $ (b) Prepare a consolidated statement of financial position in order of liquidity i.e starting with cash 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