Required: (a) Prepare a consolidated statement of financial position in order of liquidity ie starting with cash at the date of acquisition under each of the following: (i) Identifiable net assets method On December 31, Year 1, P Company purchased 80% of the outstanding shares of 5 Company for $7,840 cash. The statements of financial position of the two companies immediately after the acquisition transaction appear below. (ii) Fair value enterprise method (b) Calculate the current ratio and debt-to-equity ratio for P Company under the identifiable net assets (INA) method and the fair value enterprise (FVE) method (Round "Current ratio" answers to 2 decimal places and "Debt to equity ratio" answers to 4 decimal places.)