Please help me with part B and include computations for each answer. Thank you.

Consolidation at date of acquisition (purchase price greater than book value, acquisition journal entries, deferred tax liability Assume that the parent company acquires its subsidiary by exchanging 116,000 shares of its 51 par ve Common Stock with a matte on the date of the tale outstanding voting shares of the investee. In its analysis of the investee company the parent values of the subsidiary assets and be at an amounting their book ons step for PPE assets that are undervalued by 51 million, an unrecorded Customer List that the parent values at 5200,000, and an unrecorded Brand Name assov 300.000 Andrea tax bases of the subsidiary's pre-acquisition identifiable nette equal their book values. The parent company's effective tax rates a. Prepare the journal entry that the parent makes to record the acquisition General Jurnal Description Dehle Cred Equity investime OOOO Commons 16000 And 422000 b. Given the following acquisition-date balance sheets for the parent and its subsidiary, prepare the consolidation spreadsheet Balance Sheet Elimination Entries Parent Subsidiary Dr Cr Assets Consolidated Cash $783.300 5104,000 S 887300 Accounts receivable 384.000 696,000 1080000 Inventory 582,000 894.000 1476000 Equity investment 3,540,000 TE! 0 IAI Property, plant and equipment (PPE) net 14.899.600 1.654,000 A Customer list IA Brand name AI IAJ 520.188.900 51.348,000 5 Liabilities and stockholders' equity 5188,100 Accounts payable $127.000 $ Accrued liabilities 220.800 221.000 2,000,000 Long-term liabilities 1.000.000 TA Common stock 680,000 200,000 10 5.200,000 250,000 APIC Retained earnings 11,900,000 1,550,000 (8) $20,168,900 $3,348,000