On January 2, 2020, Kuehler Corporation's stockholder's equity accounts were as follows:

Common Stock, $1 par$100,000

Additional Paid in Capital $350,000

Retained Earnings$225,000

Kuehler's assets and liabilities had book values equal to fair values except for inventory, land and building which were undervalued by $50,000, $75,000, and $40,000, respectively.On January 2, 2020 Davis Corp. purchased all of Kuehler's common stock for $900,000 cash.There was no contingent consideration in the agreement to combine.

a) What is the goodwill amount (show your calculation)

b) What are the necessary consolidation entries for a January 2, 2020 balance sheet.