Presented below are the financial balances for the Atwond Company and the Franz Company as of

December $31,2021,$ immediately before Boxwood acquired Franz. Also included are the fair values for

Franz Company's net assets at that date.

Assume a business combination took place at December $31,2021.$ Atwood issued $55,000$ shares of its

common stock with a fair value of $$35$ per share for all of the outstanding common shares of Franz.

Stock issuance costs of $$15,000$ and direct costs of $$20,000$ were paid to effect this acquisition

transaction. To settle a difference of opinion regarding Franz's fair value, Atwood promises to pay an

additional $$13,200$ to the former owners if Franz's earnings exceed a certain sum during the next year.

Given the probability of the required contingency payment and utilizing a $4\%$ discount rate, the

expected present value of the contingency is $$10,000$

Calculate the amount paid $($consideration$)$ for the acquisition of Common Shares Franz Company

and prepare the journal entry to record the acquisition Lactualizar el Balance Sheet de Atwood

de acuerdo al la transacsion regjstradas Cuentas pendientes, de actualizak estan marcadas

en Amarillo

Prepare analysis to Determine the Valuation Difference

Prepare the journal entries for the consolidation Adjustment

Prepare a Working Paper por the Consolidated Balance Sheet as of December $312021$