Petrie Corporation acquired all the stock of Slab Company, at an acquisition cost of $25 million in cash.Slab's book value at the time was $18 million.Slab's net assets are reported at amounts approximating market value at the date of acquisition.However, it has previously unreported identifiable intangible assets, valued at $9 million

a. Prepare the entry Petrie makes to record the acquisition

b. Prepare consolidation eliminating entries (E) and (R) at the date of acquisition