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PLEASE USE EXCEL AND SHOW YOUR WORK :) 28. On January 1,2024 , Casey Corporation exchanged $3,300,000 cash for 100 percent of the outstanding voting

PLEASE USE EXCEL AND SHOW YOUR WORK :) image text in transcribed
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28. On January 1,2024 , Casey Corporation exchanged $3,300,000 cash for 100 percent of the outstanding voting stock of Kennedy Corporation. Casey plans to maintain Kennedy as a wholly owned subsidiary with separate legal status and accounting information systems. At the acquisition date, Casey prepared the following fair-value allocation schedule: Immediately after closing the transaction, Casey and Kennedy prepared the following postacquisition balance sheets from their separate financial records (credit balances in parentheses). Prepare an acquisition-date consolidated balance sheet for Casey Corporation and its subsidiary Kennedy Corporation

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