Q4-On January 1, Year 2, Neal Co. issued 100,000 shares of its $10 par value common stock in exchange for all of Frey, Inc's outstanding stock. The fair value of Neal's common stock on that date was $45 per share. The carrying amounts and fair values of Frey's assets and liabilities on January 1, Year 2, were as follows Carrying Amount Fair Value Cash $240,000 $240,000 Receivables 270,000 270,000 Inventory 435,000 528,000 PPE 1,305,000 1,337,000 Liabilities -525,000 -488,000 Net assets 1,725.000 What is the amount of goodwill resulting from the business combination? Q5- A business combination occurred on December 31, Year 1, the end of the acquirer's fiscal year. The acquirer financed the acquisition by issuing both bonds and equity. Which of the following should be subtracted in determining the consolidated net income for Year 1? Costs of issuing the bonds only Costs of issuing the equity only Costs of issuing both the debt and equity Neither the costs of issuing the debt nor the equity