Problem #2 On May 1, Gazprom reported the following account balances along with their estimated fair values: Carrying Amount Fair Value Receivables $ 72,600 $ 72,600 Inventory 89,400 89,400 Copyrights 135,000 530,000 Patented technology 921,000 698,000 Total assets $ 1,218,000 $ 1,390,000 Current liabilities $ 229,000 $ 229,000 Long-term liabilities 672,000 653,600 Common stock 100,000 Retained earnings 217,000 Total liabilities and equities $ 1,218,000 On that day, Siemens Energy paid cash to acquire all the assets and liabilities of Gazprom, which will cease to exist as a separate entity. To facilitate the merger, Siemens Energy also paid $138,500 to an investment banking firm. Instructions: a. Prepare the journal entry(s) to record the acquisition of Gazprom if the purchase price was $450,000 b. Prepare the journal entry(s) to record the acquisition of Gazprom if the purchase price was $700,000 c. Prepare the journal entry(s) if Gazprom were to continue as its own separate entity and was not dissolved