On January 1, 2020, PT PADI SEJAHTERA acquired 100% of the shares of PT. RESOURCES OF REJEKI, at a price of $ 455,000 paid in cash. The fair value of the identified net assets of SUMBER REJEKI was $ 380,000 at that date. PT PADI SEJAHTERA, decided to assess impairments on goodwill by using price comparisons in similar businesses to estimate the fair value of PT SUMBER REJEKI. The information obtained is as follows:

Year	PV of Future Cash flow	Carrying Value Identifiable net asset SUMBER REJEKI	Fair Value Identifiable net asset SUMBER REJEKI
2021	$ 405,000	$ 335,000	$ 335,000
2022	$ 405,000	$ 325,000	$ 340,000
2023	$ 345,000	$ 305,000	$ 320,000

Requested:

1. Determine the amount of goodwill impairment for each year
2. Keep a journal for each impairment on the goodwill

PROB 2 (Weight 35%)

Sofie Company, 80% of which is owned by Petral Company, has sold merchandise to its parent company. The markup on the sale of these merchandise is 20% above cost. During 2018 and 2019, there were sales to parent of $ 442,500 and $ 386,250.

At the end of 2018 at Petral Company, it turned out that there were still ¼ merchandise purchased from Sofie. Meanwhile, at the end of 2019 there were still 1/5 of the items purchased from Sofie. There are no intercompany transactions before that year.

Petral's net income in 2018 was $ 750,000, and in 2019 was $ 780,000. Meanwhile, Sofie's Net Income was $ 322,500 and $ 335,400 for 2018 and 2019, respectively.

Requested:

1. Prepare the necessary elimination journal to compile the consolidated income
2. Calculate the share that NCI will be entitled to for 2019
3. Compile Consolidated Income at Petral Company for 2019

PROB 3 (Weight 35%)

On January 1, 2019, Prime Company. purchased 8,000 shares of Soho Co. at a price of $ 120,000. At the time of the acquisition, the balance sheet positions of the two companies were as follows:

Asset	Prime	Soho
Cash	$ 40,000	$ 20,000
Accounts Receivable	53,000	31,000
Inventory	42,000	25,000
Investment in Soho Co	120,000
Plant Asset	160,000	110,500
Accumulated Depreciation - plant asset	(52,000)	(19,500)
Total	$ 363,000	$ 167,000
Liabilities & Owners Equity
Current Liabilities	$ 19,500	$ 27,000
Mortgage notes payable	40,000
Common Stock, $ 10 par value	120,000	100,000
Other Contributed Capital	135,000	16,500
Retained Earnings	48,500	23,500
Total	$ 363,000	$ 167,000

Requested:

1. Calculate the percentage of ownership of Soho which was acquired by Perdana Co. Prepare a schedule that calculates the difference between the purchase price and the book value of the company being acquired. The difference that occurs is charged to the Plant Asset (Fixed Asset).
2. Prepare a consolidated Balance Sheet on 1 January 2019.