please provide detail explanation in calculations

Print by: Kelly Williams ACC-485-0500:ACC 485-0500 / ACC-485 Tapic 02 Homework - Chapters 04 and OS *Exercise 5-3 Face Company purchased 20,000 of the 25,000 shares of Saddler Corporation for $533,300. On January 3, 2014, the acquisition date, Saddler Corporation's capital stock and retained earnings account balances were $500, 500 and $101,800, respectively. The following values were determined for Saddler Corporation on the date of purchase Inventory Other current assets Marketable securities Piant and equipment Book Value Fair Value $50,800 $70,600 204,000 204,000 99,800 126,400 300,900 323,600 *(a) Your answer is correct Prepare the entry on the books of Pace Company to record Its Investment in Saddler Corporation (If no entry required, select "No Entry for the account titles and enter o for the amount Credit account titles are automatically. Indented when the amount is entered. Do not indent manually.) Account Thuiles and antion Debat Credit Investment in Subsidiary 1533,300 1533,300 Attempts: 1 of 5 used (b) Prepare a Computation and Allocation Schedule for the difference between book value and the value implied by the purchase price in the consolidated statements workpaper. Parent Share Non- Controlling Share Entire Value Print by: Kelly Williams ACC-485-0500:ACC 485-0500 / ACC-485 Tapic 02 Homework - Chapters 04 and OS *Exercise 5-3 Face Company purchased 20,000 of the 25,000 shares of Saddler Corporation for $533,300. On January 3, 2014, the acquisition date, Saddler Corporation's capital stock and retained earnings account balances were $500, 500 and $101,800, respectively. The following values were determined for Saddler Corporation on the date of purchase Inventory Other current assets Marketable securities Piant and equipment Book Value Fair Value $50,800 $70,600 204,000 204,000 99,800 126,400 300,900 323,600 *(a) Your answer is correct Prepare the entry on the books of Pace Company to record Its Investment in Saddler Corporation (If no entry required, select "No Entry for the account titles and enter o for the amount Credit account titles are automatically. Indented when the amount is entered. Do not indent manually.) Account Thuiles and antion Debat Credit Investment in Subsidiary 1533,300 1533,300 Attempts: 1 of 5 used (b) Prepare a Computation and Allocation Schedule for the difference between book value and the value implied by the purchase price in the consolidated statements workpaper. Parent Share Non- Controlling Share Entire Value