Pan purchased 80% of Spatula's common shares for $250,000 on August 1, Year 5. Pan and Spatula Inc. had the following balance sheets on August 1, Year 5 prior to the purchase: Cash Accounts Receivable Inventory Plant and Equipment (net) Trademarlk Pan S310,000 S50,000 $40,000 $65,000 $62,000 $65,000 S300,000 $250,000 $210,000 Spatula Fair Value $65,000 $59,000 $60,000 S33.000$23,000 Total Assets $700,000 $467,000 Accounts Payable Bonds Payable Common Shares Retained Earnings S150,000 115,000$115,000 S390,000 $207,000 $210,000 S120,000 $85,000 $40,000 60.000 Total Liabilities and Equity S700,000 $467,000 Required: a) Prepare the journal entry to record the purchase of Spatula's common shares on August 1, Year 5 b) Prepare the calculation and allocation of acquisition differential schedule and prepare the consolidated balance sheet at August 1, Year 5 (in good format and write out all words completely, including account names) c) Calculate goodwill and non-controlling interest on the consolidated balance sheet on August 1, Year 5 under the parent company extension theory