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Problem 3-23 (Algo) (LO 3-1, 3-4) The following are selected account balances from Penske Company and Stanza Corporation as of December 31, 2021 Note: Parentheses

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Problem 3-23 (Algo) (LO 3-1, 3-4) The following are selected account balances from Penske Company and Stanza Corporation as of December 31, 2021 Note: Parentheses indicate a credit balance. On January 1, 2021. Penske acquired all of Stanza's outstanding stock for $870,000 fair value in cash and common stock. Penske aiso paid $10,000 in stock issuance costs At the date of acquisition, copyrights (with a six-year remaining life) have a $576,000 book value but a fair value of $684,000. a. As of December 31,2021, what is the consolidated copyrights balance? b. For the year ending December 31, 2021, what is consolidated net income? c. As of December 31, 2021. what is the consoldated retained earnings balance? d. As of December 31, 2021, what is the consolidated balance to be reported for goodwill? Note: Parentheses indicate a credit balance. On January 1, 2021, Penske acquired all of Stanza's outstanding stock for $870,0 paid $10,000 in stock issuance costs. At the date of acquisition, copyrights (with but a fair value of $684,000. a. As of December 31,2021 , what is the consolidated copyrights balance? b. For the year ending December 31,2021 , what is consolidated net income? c. As of December 31,2021 , what is the consolidated retained earnings balance d. As of December 31,2021 , what is the consolidated balance to be reported for

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