On December 31, Year 5, Darrell Inc. purchased 100\% of the outstanding shares of Kindersley Company for $7,500 cash. Three different values for Kindersley's balance sheet accounts on the date of acquisition were as follows: All differences between carrying amount and the tax base are temporary differences for the items listed above. The patent has an estimated useful life of 8 years. Any goodwill reported on the consolidated balance sheet pertains only to Kindersley and is redundant for tax purposes. A goodwill impairment loss of $300 was reported in Year 7. The tax rate for both companies is 40%. Assume that future income taxable payable on the separate entity financial statements of the parent and subsidiary are as follows: (c) Calculate goodwill and future income taxes payable for the consolidated balance sheet for Year 7. (Omit $ sign in your response.) Future income taxes payable $ Goodwill $ Required: (a) Calculate goodwill and future income taxes payable for the consolidated balance sheet at the date of acquisition. (Omit $ sign in your response.) Future income taxes payable Goodwill (b) Prepare a changes to acquisition schedule for Years 5 through 7. (Leave no cells blank - be certain to enter "0" wherever required. Negative/Deductible amounts should be indicated by a minus sign. Omit $ sign in your response.) On December 31, Year 5, Darrell Inc. purchased 100\% of the outstanding shares of Kindersley Company for $7,500 cash. Three different values for Kindersley's balance sheet accounts on the date of acquisition were as follows: All differences between carrying amount and the tax base are temporary differences for the items listed above. The patent has an estimated useful life of 8 years. Any goodwill reported on the consolidated balance sheet pertains only to Kindersley and is redundant for tax purposes. A goodwill impairment loss of $300 was reported in Year 7. The tax rate for both companies is 40%. Assume that future income taxable payable on the separate entity financial statements of the parent and subsidiary are as follows: (c) Calculate goodwill and future income taxes payable for the consolidated balance sheet for Year 7. (Omit $ sign in your response.) Future income taxes payable $ Goodwill $ Required: (a) Calculate goodwill and future income taxes payable for the consolidated balance sheet at the date of acquisition. (Omit $ sign in your response.) Future income taxes payable Goodwill (b) Prepare a changes to acquisition schedule for Years 5 through 7. (Leave no cells blank - be certain to enter "0" wherever required. Negative/Deductible amounts should be indicated by a minus sign. Omit $ sign in your response.)