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Parent Co. Purchases 80% of the 10,000 shares issued and outstanding of Sub, Inc.s stock when the book value of Subs net assets was $50,000

Parent Co. Purchases 80% of the 10,000 shares issued and outstanding of Sub, Inc.s stock when the book value of Subs net assets was $50,000 and the fair value was $60,000. Required: Prepare the schedule of Goodwill the following four independent cases. Use the format shown below. Case 1: Parent buys @$10/share when the market price of the stock is $10. Case 2: Parent buys @$12/share when the market price of the stock is $10. Case 3: Parent buys @$10/share when the market price of the stock is $5.50. Case 4: Parent buys @$18/share when the market price of the stock is $5. Case 5: Parent buys @$4/share when the market price of the stock is $10.

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