Question 27 Consolidation at Date of Acquisition (12 points) On January 1, Year 1, fees, and $100,000 in stock issuance costs. Huge has al Huge acquired 100% of the stock of Small for S30 million worth ton with the deal, Huge also paid $300,000 for legai and accounting so promised to make a future paymens, of ertain profit targets are met in future years. The fair value of this contingent consideration as of the acquisition date is $3 mill ion As of the date of acquisition, the equity accounts of Small were Common stock Paid-in capital Retained earnings $2 million $4 million 20 million However, patent with a value of $700,000 Most of Small's assets and liabilities had fair values equal to their book values. its land was worth $800,000 more than book value, and it had a that had zero book value. A. What is the total consideration given in this deal? (4 points) Compute the amount of goodwill or gain on bargain purchase that is appropriate for this deal (4 points) B. Assume that Small is NOT dissolved, but stays a separate subsidiary. Show what consolidation entry or entries would be needed as of the date of consolidation (4 points) C