On January $1,2023,$ Tarnarisk Company issued $1,450$ of its $$20$ par value common shares with a fair value of $$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$).$

Prepare a Computation and Allocation Schedule for the difference between book value and value implied by the purchase price.

Attempts: $0$ of $2$ used

$($c$)$