Question 1 (24 points) Saved On January 1, 2022 (Year 1), White Co. acquired 100% of the outstanding common stock of Brown Co. for $320,000 in cash. Brown's book value of equity was $180,000 at the time (including common stock of $74,000 and retained earnings of $106,000). On the acquisition date, some of Brown's assets had fair values differ from book values as follows: Assets Copyrights (8-year remaining life) Equipment (12-year remaining life) Book value Fair value Difference 59,000 87,000 95,000 36,000 (undervalued) 75,000 12,000 (overvalued) Any other excess of cost over book value is assigned to goodwill. Requirement: Record the five consolidation entries (i.e. S, A, I, D, and E) for Year 1 in the "Consolidation entries" columns of the worksheet provided. A letter must be placed in front of each number to represent the consolidation entry. (24 points; 1.6 point per entry)