Q.4 On January 1, 2023, Paradise Corporation exchanged $3,200,000 cash for 100 percent of the outstanding voting stock of Sunrise Corporation. Paradise plans to maintain Sunrise as a wholly owned subsidiary with separate legal status and accounting information systems. At the acquisition date, Paradise prepared the following fair-value allocation schedule: Immediately after closing the transaction, Paradise and Sunrise prepared the following postacquisition balance sheets from their separate financial records. Prepare a January 1, 2023, consolidated balance sheet for Paradise Corporation and its subsidiary Sunrise Corporation