On January $1,2023,$ Tamarisk Company issued $1,450$ of its $$20$ parvaluecommon shares with a fair value of $$60$ per share in exchange

for the $2,000$ outstanding common shares of Sheffield Company in a purchase transaction. Registration costs amounted to $$2,500,$

paid in cash. Just prior to the acquisition, the balance sheets of the two companies were as follows:

Any difference between the book value of equity and the value implied by the purchase price relates to goodwill.

$($a$)$

$($b$)$

$($c$)$

Prepare a consolidated balance sheet at the date of acquisition. $($List ossets in ovder of liguidity. $\}$

TAMARISK COMPANY AND SUBSIDIARY

Consolidated Balance Sheet

January $2,2023$

Assets

$

$

Liabilities and Stockholders' Equity