The balance sheets of Prima Ltd. and Donna Corp. on December 31, Year 5, are shown below: Prima Donna Cash Accounts receivable Inventory Plant Patents S 374,750 84,750 101,500 517,000 105,500 11,200 27,900 70,700 168,200 27,900 S1,183,500 305,900 Current liabilities Long-term debt Common shares Retained earnings s 167,000 S 37 267.500 359,000 390,000 73,500 107,500 87,400 1,183,500 305,900 The fair values of the identifiable net assets of Donna Corp. on this date are as follows Cash Accounts receivable Inventory Plant Trademarks Patents Current liabilities Long-term debt S 11,200 25,000 100,000 208,000 45,000 67,500 37,500 89,000 In addition to the assets identified above, Donna owned a significant number of Internet domain names which are unique alphanumeric names that are used to identify a particular numeric Internet address. These domain names can be sold separately and are estimated to be worth $39,000 On January 1, Year 6, Prima Ltd. paid $330,000 in cash to acquire 80% of the common shares of Donna Corp. Required: (a) Prepare the consolidated balance sheet on January 1, Year 6, under entity theory Prima Ltd. Consolidated Balance Sheet January 1, Year 6 Click to select) Click to select) Click to select) Click to select) (Click to select) (Click to select) Click to select) Click to sele Click to select) Click to select) Click to select) Click to select) Click to select (b) Now assume that an independent business valuator valued the NCl at $68,000 at the date of acquisition. What amount would be reported as goodwill? Goodwill (c) Assume that Prima is a private entity, uses ASPE, and chooses to use the cost method to account for its investment in Donna. Prepare Prima's January 1, Year 6, separate-entity balance sheet after the business combination. Prima Ltd Balance Sheet January 1, Year 6 Click to select) (Click to select) Click to select) Click to select) Click to select) (Click to select) Click to select) Click to select) (Click to select) Click to select