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Q#1: On April 1, 2018, the balance sheets of Optimum Inc. and Electra Inc. were as follows ptimum Inc 380,000 50,000 750,000 Electra Inc Cash and Short-Term Securities Inventory Plant and Equipment (net) 20,000 10,000 120,000 150,000 $320,000 otal Assets Current Liabilities Bonds Payable Common Shares Retained Earnings 75,000 100,000 150,000 425,000 otal Liabilities and Equity 750,000 15,000 30,000 55,000 50,000 150,000 On that date, the fair values of Electra's Assets and Liabilities were as follows 32,000 5,000 Short-Term Securities Inventory Plant and Equipment (net) $150,000 Current Liabilities Bonds Payable 15,000 28,000 On April 1, 2018, Optimum issued 5,000 new common shares with a market value of $50.00 per share as consideration for Electra's net assets. Prior to the issue, Optimum had 10,000 outstanding common shares. Required: a) Calculate the amount of Goodwill arising from this combinatiorn. b) Prepare the journal entry to record Optimum's acquisition of Electra's assets c) Prepare Optimum's Consolidated Balance Sheet immediately following its acquisition of Electra's assets Prepare Electra's Balance Sheet following the acquisition. d)