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On 1/1/2020, ABC Corporation balance sheet included the following accounts: Patents $100,000, Bonds Payable $40,000, Common Stock $10,000, Retained Earnings $50,000. Book values of assets and liabilities were equal to their fair values. XYZ Corporation acquired 100% of the common stock of ABC Corporation on 1/1/2020 for $120,000 Cash. Which of the following entries was prepared to record the acquisition on XYZ's books?

Patents? [Debit or credit by what amount]

Bonds Payable? [Debit or credit by what amount]

Cash? [Debit or credit by what amount]

Investment in Subsidiary? [Debit or credit by what amount]

Goodwill? [Debit or credit by what amount]

Gain on Acquisition of Business? [Debit or credit by what amount]