On December 31, Year 5, Darrell Inc. purchased 100% of the outstanding shares of Kindersley Company for $7,550 cash. Three different values for Kindersley's balance sheet accounts on the date of acquisition were as follows: Carrying Amount Tax Base Fair Value Monetary assets $ 1,625 $ 1,625 $ 1,625 Inventory 3,725 3,725 3,185 Patent (net) 4,530 3,490 5,490 $ 9,880 $ 8,840 $ 10,300 Monetary liabilities $ 3,029 $ 3,029 $ 3,029 Future income taxes payable 416 Ordinary shares 1,020 Retained earnings 5,415 $ 9,880 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 $305 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: Year Darrell Kindersley Year 5 $ 1,305 $ 416 Year 6 1,550 405 Year 7 1,630 405 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.) Balance Changes Balance Dec 31, Yr.5 Year 6 Year 7 Dec 31, Yr.7 Inventory $ $ $ $ Patent Future tax liability Goodwill $ $ $ $ (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 $