On January 1, 2024, Presidio Company acquired 100 percent of the outstanding common stock of Mason Company. To acquire these shares, Presidio Issued $236,000 in long-term llabilitles and 21,800 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Presidio paid $33,600 to accountants, lawyers, and brokers for assistance in the acquisition and another $12,900 in connection with stock issuance costs. Amounts with credit balances are shown with parenthesis. Prior to these transactions, the balance sheets for the two companles were as follows: In Presidio's appraisal of Mason, It deemed three accounts to be undervalued on the subsidiary's books: Inventory by $6,800, Land by $30,800, and Bulldings by $35,400. Presidio plans to maintain Mason's separate legal Identity and to operate Mason as a wholly owned subsidlary. Requlred: a. Determine the consideration paid for Mason Company. b. Determine the book value of Mason's assets. c. Determine the allocation of fair value to Individual assets. d. Determine the total net falr value of assets. e. Determine the excess of falr value over cost. f. Record the three transactions that occurred to create the business combination. Navigation: 1. Use the Open Excel In New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect