On January 1, year one, fair values were Land $134,000 Building $274,000 Equipment $196,000 There was no impaiment of any goodwill arising from the acquisition Please indicate clearly which method you choose for Parlez to use to account for its acquisition of Says Company. Problem 4. Use the data for the Parlez Company acquisition of the Says Company to prepare the consolidation worksheet entries for December 31 of year one. For clarity, use the entry labels like S, A, I and so on. Problem 5. Use the data for the Parlez Company acquisition of the Says Company to prepare the consolidation worksheet entries for December 31 of year two. On January 1, year one, fair values were Land $134,000 Building $274,000 Equipment $196,000 There was no impaiment of any goodwill arising from the acquisition Please indicate clearly which method you choose for Parlez to use to account for its acquisition of Says Company. Problem 4. Use the data for the Parlez Company acquisition of the Says Company to prepare the consolidation worksheet entries for December 31 of year one. For clarity, use the entry labels like S, A, I and so on. Problem 5. Use the data for the Parlez Company acquisition of the Says Company to prepare the consolidation worksheet entries for December 31 of year two