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Please help me solve this question: Required A Required B Determine the following account balances: Note: Input all amounts as positive values. table [

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Please help me solve this question: Required A
Required B
Determine the following account balances:
Note: Input all amounts as positive values.
\table[[Accounts,,Amounts],[,,],[,,],[Gain on bargain purchase,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,]] Prepare a December 31,2024, consolidated worksheet for Brooks and Chandler.
Note: For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this
amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the
credit column of the worksheet. Input all amounts as positive values.
Show less AOn January 1,2024, Brooks Corporation exchanged $1,373,000 fair-value consideration for all of the outstanding voting stock of Chandler, Incorporated. At the acquisition date, Chandler had a book value equal to $1,180,000. Chandler's individual assets and liabilities had fair values equal to their respective book values except for the patented technology account, which was undervalued by $318,000 with an estimated remaining life of six years. The Chandler acquisition was Brooks's only business combination for the year.
In case expected synergies did not materialize, Brooks Corporation wished to prepare for a potential future spin-off of Chandler, Incorporated. Therefore, Brooks had Chandler maintain its separate incorporation and independent accounting information system as elements of continuing value.
On December 31,2024, each company submitted the following financial statements for consolidation. Dividends were declared and paid in the same period.
\table[[Accounts,\table[[Brooks],[Corporation]],\table[[Chandler],[Incorporated]]],[Income Statement],[Revenues,$(642,000),$(559,000)],[Cost of goods sold,200,000,171,000],[Gain on bargain purchase,(125,000),0],[Depreciation and amortization,129,000,163,000],[Equity earnings from Chandler,(172,000),0],[Net income,$(610,000),$(225,000)],[Statement of Retained Earnings],[Retained earnings, 1/1,$(1,705,000),$(880,000)],[Net income (above),(610,000),(225,000)],[Dividends declared,250,000,30,000],[Retained earnings, 12/31,$(2,065,000),$(1,075,000)],[Balance Sheet],[Current assets,$108,000,$423,000],[Investment in Chandler,1,640,000,0],[Trademarks,102,000,237,000,],[Patented technology,313,000,460,000,],[Equipment,631,000,359,000,],[Total assets,$2,794,000,$1,479,000],[Liabilities,$(194,000),$(104,000)],[Common stock,(535,000),(300,000)],[Retained earnings, 12/31,(2,065,000),(1,075,000)],[Total liabilities and equity,$(2,794,000),$(1,479,000)]]
Note: Parentheses indicate a credit balance.
Required:
a. Determine the following account balances:
Gain on bargain purchase.
Earnings from Chandler.
Investment in Chandler.
b. Prepare a December 31,2024, consolidated worksheet for Brooks and Chandler.
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