Question 2 (20 points) Passive Company acquired 75 percent of Season Company's outstanding common stock for $150,000 cash on January 2, 2019. The two companies continued to operate as separate entities subsequent to the combination. Fair value of the noncontrolling interest was $50,000 at the date of acquisition. Immediately after the combination on January 2, 2019, the book values and fair values of the companies' assets and liabilities were as follows: Passive Company Season Company Book value Book value Fair value Cash $75,000 8,000 8,000 Receivables 50,000 28,000 28,000 Inventory 100,000 33,000 43,000 Investment in Season 150,000 Land 340,000 75,000 77,500 Buildings and equipment, net 100,000 77,000 90,000 Total Assets $815,000 $221,000 $246,500 45,000 32,000 Accounts Payable Notes Payable Common Stock Retained Earnings Total Liabilities and Equity 155,000 215,000 100,000 345,000 $815,000 45,000 32,000 86,000 58,000 $221,000 Required: Indicate the appropriate total amount should appear in the consolidated balance sheet prepared Immediately after the combination on January 2, 2019. a. What amount of the inventory will be reported? (5 points) b. What amount of goodwill will be reported? (5 points) c. What amount of total assets will be reported? (5 points) d. What amount of total stockholders' equity will be reported? (5 points)