Philemon Company acquires $100$ percent of the outstanding voting shares of Solomon Company on January $1,2024.$ To obtain these shares, Philemon pays $$400$ cash $($in thousands$)$ and issues $10,000$ shares of $$20$ par value common stock on this date. Philemon's stock had a fair value of $$36$ per share on that date. Philemon also pays $$15($in thousands$)$ to a local investment firm for arranging the acquisition. An additional $$10($in thousands$)$ was paid by Philemon in stock issuance costs.

The book values for both Philemon and Solomon immediately preceding the acquisition follow. The fair value of each of Philemon and Solomon accounts is also included. In addition, Solomon holds a fully amortized trademark that still retains a $$40($in thousands$)$ value. The figures below are in thousands. Any related question also is in thousands.

Philemon Solomon

Book Value Fair Value

Cash $ $900$ $ $80$ $ $80$

Receivables $480180160$

Inventory $660260300$

Land $300120130$

Buildings $($net$)1,200220280$

Equipment $36010075$

Accounts payable $4806060$

Long$-$term liabilities $1,140340300$

Common stock $1,00080$

Additional paid$-$in capital $2000$

Retained earnings $1,080480$

What amount will be reported for goodwill as a result of this acquisition?

What amount will be reported for consolidated additional paid$-$in capital?

What amount will be reported for consolidated buildings $($net$)?$

What amount will be reported for consolidated common stock?

What amount Under the acquisition method, what amount will be reported for consolidated retained earnings?

What amount will be reported for consolidated long$-$term liabilities?

By how much will Philemon$$s additional paid$-$in capital increase as a result of this acquisition?Philemon Company acquires $100$ percent of the outstanding voting shares of Solomon Company on January $1,$

To obtain these shares, Philemon pays $$400$ cash $($in thousands$)$ and issues $10,000$ shares of $$20$ par

value common stock on this date. Philemon's stock had a fair value of $$36$ per share on that date. Philemon also

pays $$15($in thousands$)$ to a local investment firm for arranging the acquisition. An additional $$10($in thousands$)$

was paid by Philemon in stock issuance costs.

The book values for both Philemon and Solomon immediately preceding the acquisition follow. The fair value of

each of Philemon and Solomon accounts is also included. In addition, Solomon holds a fully amortized trademark

that still retains a $$40($in thousands$)$ value. The figures below are in thousands. Any related question also is in

thousands.