The following are balance sheets for Big and Small Co.s for the year ending December 31, 2019(in thousands) before the acquisition. Current Assets Plant Assets Patented Software Total Assets Big Co. $460 140 280 $880 $88 192 96 504 Liabilities Common Stock Additional Paid-in-capital Retained earnings, 12/31/2018 Total Liabilities and stockholders' equity $880 Small Co. $130 200 350 $680 $175 75 32 398 $680 On January 1, 2020, Big exchanged 20,000 shares of its $10 par value common stock for all of the outstanding shares of Small. Big's stock on that date has a fair value of $35 per share. On the acquisition date, Small's net assets' book values were equal to their fair values except its Patented Software and Liabilities which were appraised at $510,000 and $150,000 respectively. Big also paid $4,000 to issue and register its shares, and $10,000 to lawyers for this combination. Required: Assuming that these two companies retained their separate legal identities a) Prepare the journal entries on January 1 on Big's actual books; b) Calculate and allocate excess. c) Prepare consolidation work-paper entries as of January 1. d) After the consolidation entries, determine the consolidated balances for the following selected accounts (show how you got those numbers); Patented software Liabilities . Additional paid-in-capital e) explain how (d) amounts in this problem differ (if any) from (b) amounts in problem 2, and why