Please answer the following 2 questions and show your work. Thank you very much for your assistance.

Pinnacle Inc. acquired 100% of the voting common stock of Strata Inc. on January 1, 2020. The book value and fair value of Strata's accounts on that date are following. Credit balances are indicated by parentheses. Strata remains as a separate legal entity. Pinnacle used the equity method to account for the investment. Book value Fair value Cash and receivables 40.000 40,000 Inventory 70.000 70,000 Patented technology (20-year useful 90,000 110,000 life ) Equipment (10-year useful life) 40,000 48,000 Liabilities (120.000 (120,000) Common stock (40,000) Additional paid-in capital (20,000) Retained earnings (60,000) Assume that Pinnacle issued 40,000 shares of common stock with a $1 par value and a $10 fair value for all of the outstanding stock of Strata. On its acquisition date consolidated balance sheet, what amount should be reported as goodwill? O 280,000 252,000 148,000 2 points Use the same information in Question 1 and further assume Pinnacle has patented technology valued at $250,000 on its own balance sheet. On its acquisition date consolidated balance sheet, what amount should be reported as consolidated patented technology? 350,000 360,000 OOOO 340,000 250,000