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please incluse all calculations and steps for a better understanding On December 31, 2014, Paladium International purchased 70% of the outstanding common stock of Sennex

please incluse all calculations and steps for a better understanding
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On December 31, 2014, Paladium International purchased 70% of the outstanding common stock of Sennex Chemical. Paladium paid $140,000 for the shares and determined that the fair value of all recorded Sennex assets and liabilities approximated their book values, with the exception of a customer list that was not recorded and had a fair value of $10,000, and an expected remaining useful life of 5 years. At the time of purchase, Sennex had stockholders' cquity consisting of capital stock amounting to $20,000 and retained earnings amounting to $80,000. Any remaining excess fair value was attributed to goodwill. The separate financial statements at December 31, 2015 appear in the first two columns of the consolidation workpapers shown below. Required: Complete the consolidation working papers for Paladium and Sennex for the year 2015

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