The balance sheets for Cheese and Crackers appear below at the end of the year just before Cheese acquired a $100\%$ ownership in Crackers:

Cheese Crackers

Assets:

Cash $$1,680,000$ $ $440,000$

Other assets $1,240,000840,000$

Total assets $$2,920,000$ $$1,280,000$

Liabilities and Equity:

Long$-$term debt $ $440,000$ $ $480,000$

Common stock $1,160,000320,000$

Retained earnings $1,320,000480,000$

Total liabilities & shareholders' equity $$2,920,000$ $$1,280,000$

$*$Cheese determined that the liabilities of Crackers were fairly valued, but Crackers$$ inventory was understated by $$360,000.$

A$)$ How much is the value of goodwill implicit in Cheese$$s offer price of $$1,360,000?$

B$)$ Prepare a consolidated balance sheet for Cheese immediately following a successful acquisition of Crackers.