Parent Co. has December 31, 2014 B/S: CA $5,000 PPE 20,000 CL 1,000 C/S ($1 par value) 24,000 On January 1, 2015, Parent Co. issues 7,500 additional shares for $10,000 cash and immediately uses the cash to acquire 75% of Subsidiary Co.s outstanding shares. The December 31, 2014 B/S for Subsidiary Co: CA $2,000 PPE 6,500 CL 500 C/S ($1 par value) 7,500 The excess of the fair market value of the fixed assets (PPE) over book-value of Subsidiary Co. is $4,000. Required: a. Compute Goodwill and Non-controlling interest. 6 marks b. 9 marks Construct the consolidated B/S. CA ? PPE ? Goodwill ? CL ? Non-controlling interest ? C/S (par value) ? Capital in excess of par ?