QUESTION 6(9 marks, 20 minutes) The balance sheets of Peugeot Ltd. and Sorento Ltd. on December 30, 2022 were as follows. On December 31, 2022, Peugeot issued 3,000 shares, with a fair market value (FMV) of $25.00 each, plus $10,000 long term debt for all of the outstanding shares of Sorento Ltd. Peugeot Ltd. was identified as the acquirer in the combination. REQUIRED: a) Calculate and allocate the Acquisition Differential to determine the value of goodwill to be recorded on the consolidated Balance Sheet. Use the entity theory for calculations. (4 marks) Note: You are not required to prepare a Consolidated Balance Sheet. b) What is the $ amount to be reported on the Consolidated Balance Sheet for: (5 marks) i. Common Shares ii. Retained Earnings iii. Long term Debt