Please give detail forumals on how you get the numbers. Step by step solution.

Please give detail forumals on how you get the numbers. Step by step solution.

Chapter 2: Consolidation of Financial Information Acquisition Method When Dissolution Takes Place Bullen Inc. acquired 100% of the voting common stock of Vicker Inc. on January 1, 2018. The book value and fair value of Vicker's accounts on that date (prior to creating the combination) are as follows, along with the book value of Bullen's accounts: Bullen Book Value Vicker Book Value $240,000 Vicker Fair Value Retained earnings, 1/1/20$250,000 Cash and receivables Inventory Land Buildings (net) Equipment (net) Liabilities 170,000 230,000 280,000 480,000 120,000 650,000 70,000 $70,000 170,000210,000 220,000 240,000 240,000 290,000 90,000 430,000420,000 90,000 Common stock Additional paid-in capital 360,000 20,000 80,000 40,000 1. Acquisition Method: Assume that Bullen issued 12,000 shares of common stock, with a $5 par value and a $40 fair value, to obtain all of Vicker's outstanding stock. Journalize transaction-Subsidiary Dissolved