Please help me with this question. Its attached in an excel file below! Thank you!

Exercise 1: Asset Purchase v Stock Purchase Frylock Inc. is thinking about undertaking vertical integration by taking over the functions performed by one of their suppliers, Meat Wad Inc. Frylock can either buy the assets of, or 100% of the outstanding stock of Meat Wad for $800,000 plus $20,000 in direct aquisition costs. Below is financial information for Meat Wad as of 12/31/11: Meat Wad, Inc. Balance Sheet as of 12/31/11 Assets Cash A/R Inventory Trademark Net Fixed Assets Total Assets Book $ 300,000 250,000 150,000 $ 700,000 FMV ### ### 300,000 50,000 200,000 Liabilities A/P Notes Payable Bonds Payable Book $ 50,000 150,000 200,000 Equity Total Liabilities & O.E. 300,000 $ 700,000 FMV ### ### 250,000 A) Complete the journal entry made by Frylock to account for an asset purchase of Meat Wad on 12/31/11: Account Accounts Receivable Inventory Trademark Net Fixed Assets Goodwill Acquisition Expenses A/P Notes Payable Bonds Payable Cash Debit Credit 0 0 B) Complete the journal entry made by Meat Wad to account for the asset purchase by Frylock on 12/31/11: Account Debit Credit 0 0 Cash A/P Notes Payable Bonds Payable A/R Inventory Net Fixed Assets Gain on Sale C) Complete the journal entry made by Frylock to account for a 100% stock purchase of Meat Wad on 12/31: Account Investment in Meat Wad Acquisition Expenses Cash Debit Credit 0 0