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Parent and sub company had the following balance sheets on December 3 1 , 2 0 2 1 current assets for the parent company 6

Parent and sub company had the following balance sheets on December 31,2021 current assets for the parent company 65,000 fixed assets net one lakh total assets one lakh $65,000 current liabilities $42,000 bond payable $25,000 common shares $90,000 retained earnings $8000 total liabilities and equity one lakh $65,000 for the company current assets are $12,000 fixed assets net $61,000 total assets $73,000 current liabilities $35,000 bones payable $12,000 common shares $12,000 retained earnings $14,000 total liabilities and equity $73,000 answer the following questions below on January 1,2022 parent acquired sub by issuing $46,000 in common shares. On that date subs fair value of current assets and fixed assets were worth $7000 and $59,000 respectively. The fair value of current liabilities on the date of acquisition was $21,000. There was a previously unrecorded patent for the sub that can now be recognized in the amount of $11,000 calculate Goodwill on the date of acquisition.

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