Polaris Company acquires all of the stock of SSC$,$ Inc. for $$200$ million in cash. At the date of acquisition, SSC$$s equity consists of capital stock of $$50$ million, retained earnings of $$80$ million $($credit balance$),$ and accumulated other comprehensive income of $$10$ million $($credit balance$).$ SSC$$s books report current assets of $$40$ million, equipment of $$300$ million, and liabilities of $$200$ million. Stark$$s assets and liabilities are reported on its books at amounts that approximate fair value, except that equipment with a book value of $$40$ million has a fair value of $$60$ million. Stark has no previously unreported identifiable intangible assets.

Required

Note: Provide all answers in millions.

Note: Do not use negative signs.

a$.$ Prepare a schedule calculating the goodwill to be recognized for this acquisition.

b$.$ Prepare working paper eliminating entries $($E$)$ and $($R$)$ to consolidate the balance sheet accounts of Polaris and SSC at the date of acquisition.