The following are selected account balances from Penske Company and Stanza Corporation as of December $31,2024$:

Note: Parentheses indicate a credit balance.

On January $1,2024,$ Penske acquired all of Stanza's outstanding stock for $$829,000$ fair value in cash and common stock. Penske also

paid $$10,000$ in stock issuance costs. At the date of acquisition, copyrights $($with a six$-$year remaining life$)$ have a $$456,000$ book value

but a fair value of $$660,000.$

Required:

a$.$ As of December $31,2024,$ what is the consolidated copyrights balance?

b$.$ For the year ending December $31,2024,$ what is consolidated net income?

c$.$ As of December $31,2024,$ what is the consolidated retained earnings balance?

d$.$ As of December $31,2024,$ what is the consolidated balance to be reported for goodwill?

Amounts

a$.$ Consolidated copyrights

b$.$ Consolidated net income