The financial statements for Goodwin, Inc., and Corr Company for the year ended December 31, 20X1, prior to Goodwin's acquisition business combination transaction regarding Corr, follow (in thousands): Goodwin Corr

Revenue 2700 600

expenses 1980 400

Total net income 720 200

Retained earnings 1/1 2400 400

net income 720 200

dividends (270) (0)

Retained earnings 12/31 2850 600

Cash 240 220

Receivable and inventory 1200 340

buldings (net) 2700 600

equipment 2100 1200

total assets 6240 2360

liabilities 1500 820

common stock 1080 400

Additional paid in capital 810 540

retained earnings 2850 600

Total liabilities and stock holder equity 6240 2360

On December 31, 20X1, Goodwin issued $600 in debt and 30 shares of its $10 par value common stock to the owners of Corr to acquire all of the outstanding shares of that company. Goodwin shares had a fair value of $40 per share. Goodwin paid $25 to a broker for arranging the transaction. Goodwin paid $35 in stock issuance costs. Corr's equipment was actually worth $1,400 but its buildings were only valued at $560. In this acquisition business combination, at what amount is the investment recorded on Goodwin's books?

A.

$1,540.

B.

$1,800.

C.

$1,860.

D.

$1,825.

E.

$1,625.

Compute the consolidated expenses for 20X1.

A.

$1,980.

B.

$2,005.

C.

$2,040.

D.

$2,380.

E.

$2,405.

Compute the consolidated retained earnings at December 31, 20X1.

A.

$2,800.

B.

$2,825.

C.

$2,850.

D.

$3,425.

E.

$3,450.

Can you please send me solution for these 3 questions also.