On Jan1,2013 Big Company acquired 70% of the ordinary shares of Little Company for $1,500,000 On Jan 1, 2013, the assets and liabilities of Little Company had the following book and fair value

Book value FV

Cash 150,000 150,000

A/R 300,000 300,000

Inventory 450,000 500,000

Equipment,net 1,500,000 1,700,000

TOtal $2,400,000 $ 2,650,000

A/P $250,000 $250,000

Longterm debt 500,000 500,000

Ordinary shares 600,000

Retained Earnings 1,050,000

Total $2,400,000

a, Calculate Goodwill

b, Show an acquisition differential amortization and goodwill impairment schedule for the period Jan 1, 2013 to Dec 31, 2016

c, Show a consolidated income statement for the year ended December 31, 2016

d, Calculate the following consolidated balance sheet figures for December 31, 2016

i, Account receivable

ii, Equipment, net

iii, Future income tax

iv, NCI Balance sheet

v, Inventory