Pistol Inc. has acquired all the voting shares of Saber Inc. and has gathered the following data to prepare consolidated financial statements. Pistol paid $1,200,000 for its investment. Details of Sabers assets and liabilities on the acquisition date are shown below (for the purposes of this question, there are very few assets or liabilities):

Provide a table that allocates the acquisition differential on the acquisition date and calculates goodwill. To do this, you will need to calculate the additional deferred tax liability and include it in the table. The tax rate is 40%. Provide your tax calculations for land and buildings for possible part marks.

Cost Accumulated Fair Market Tax Basis Depreciation Value (UCC) Inventory Accounts Receivable $80,000100,000n/an/a$80,000100,000$80,000100,000 Land Buildings 250,000 plus the last tw o 50,000350,000200,000 digits of your student number times 1000 Accounts Payable 70,000n/a70,00070,000 Deferred tax You will need to n/a liability calculate the existing deferred tax liability based on the calculated cost of the building