Penguin Inc (Penguin) and Cat Inc (Cat) had the following balance sheets on October 31, 2022: Assume Penguin purchases 80% of Cat for cash consideration of $160,000 on November 1,2022 . Penguin records its investment using the cost method and prepares its consolidated financial statements using the fair value enterprise (FVE) method. a) Prepare the journal entry that Penguin would make to record the acquisition b) Prepare the consolidated balance sheet on the date of acquisition under the FVE method c) Assume that Penguin used the identifiable net assets (INA) method instead. Prepare the consolidated balance sheet on the date of acquisition under the INA method d) Penguin is considering an acquisition of another subsidiary; if negative goodwill existed in another acquisition how would it be reported