Plummer Corporation acquired 90 percent of Softek Technologies' voting stock by issuing 2,000,000 shares of $2 par common stock with a fair value of $25,000,000. In addition, Plummer paid $500,000 in cash to the consultants and accountants who advised in the acquisition. Softek's stockholders' equity at the date of acquisition is as follows: Common stock $200,000 Additional paid-in capital 8,000,000 Retained earnings 5,000,000 Accumulated other comprehensive income (800,000) Treasury stock (400,000) Total $12,000,000 Softek's assets and liabilities were carried at fair value except as noted below: Book Value Fair Value Plant assets, net $12,000,000 $9,000,000 Trademarks -- 1,500,000 Customer lists -- 1,000,000 Long-term debt 2,000,000 2,100,000 The fair value of the non-controlling interest is estimated to be $2,500,000 at the date of acquisition. Required (a) Prepare the acquisition entry on Plummer's books and the working paper consolidation eliminating entries at the date of acquisition, following U.S. GAAP.