Please help fill the chart out on the right with the information on the left. Greatly appreciated
ket's top ten not-so-expected stories from this not so average Read Now DELL intel CORE 12 Consolidated Balances Dr. (Cr.) 1,854 Consolidation Immediately After Acquisition stock of Sub Company for $4,590 cash. Eliminating Entries (R) [Page 1 of 2] Dr. (Cr.) On January 1, 2020, Parent Corporation acquired all of the outstanding common (E) The balance sheets of Parent and Sub, immediately prior to the combination, are Dr. (Cr.) shown below: Balance Sheets Parent Sub Assets Sub Cash and receivables 5,148 1,296 Consolidation Working Paper Dr. (Cr.) 1,296 1,620 540 1,080 (1,800) (720) (180) (630) (1,521) Inventory 3,060 1,620 Long-term investments 0 540 Land 1,170 315 Buildings and equipment, net 4,320 1,080 Total assets 13,698 4,851 After Acquis. 558 Liabilities and Stockholders' Equity Current liabilities S 2,700 $ 1,800 Long-term debt 3.600 720 Common stock, par value 900 180 Accounts Taken from Books Parent 630 Acquisition Additional paid-in capital 2,160 Retained earnings 4,338 1,521 Total liabilities and equity 13,698 4,851 Before Acquis. 5,148 (4 590) 3,060 1,170 4,320 (2,700) (3,600) (900) (2, 160 ) (4,338) o Several of Sub's assets and liabilities had fair values that were different from their book values. Estimates of the fair values of these items follow: Inventory S 1,440 Long-term investments 450 Land 756 Buildings and equipment, net 1,620 Long-term debt 700 In addition, Sub had previously unrecorded identifiable intangible assets valued at $198. Consolidation Immediately After Acquisition [Page 2 of 2] (b) Prepare a working paper to consolidate the balance sheets of Parent and Sub at January 1, 2020. Remember to use negative signs for credit amounts in the Dr (Cr) column Cash and receivables Inventory Long-term investments Investment in Sub Land Buildings and equipment , net Identifiable intangible assets Goodwill (if applicable) Current liabilities Long-term debt Common stock, par value Additional paid-in capital Retained earnings Total Required: (a) Calculate goodwill or gain on acquisition. (b) Prepare a working paper to consolidate the balance sheets of Parent and Sub at January 1, 2020 (complete the consolidation worksheet on pg2). Don't forget to record the acquisition in the accounts of Parent on the consolidation worksheet