Question text 300 On December 2, 2019, Father Company purchased 70% of Son Company's stock for $870,000 cash. At this date, the book value of Son Company's assets included equipment that had a book value of $200,000 and a market value of $230,000. Son Company's equity consisted of $300,000 common stock and $800,000 retained earnings. a) Provide the entry to record the purchase on Father Company's books: b) How much goodwill will be recognized in consolidation? $ c) Provide the consolidation elimination entry that would be required to consolidate the statements at December 2, 2019