The following information applies to the questions displayed below.] Pocket Corporation acquired 100 percent of Strap Corporation's common stock on December 31, 20X2. Balance sheet data for the two companies immediately following the acquisition follow: Item Pocket Corporation Strap Corporation Cash $ 49,000 $ 30,000 Accounts Receivable 110,000 45,000 Inventory 130,000 70,000 Land 80,000 25,000 Buildings & Equipment 500,000 400,000 Less: Accumulated Depreciation (223,000 ) (165,000 ) Investment in Strap Corporation 198,000 Total Assets $ 844,000 $ 405,000 Accounts Payable $ 61,500 $ 28,000 Taxes Payable 95,000 37,000 Bonds Payable 280,000 200,000 Common Stock 150,000 50,000 Retained Earnings 257,500 90,000 Total Liabilities & Stockholders Equity $ 844,000 $ 405,000 At the date of the business combination, the book values of Strap's net assets and liabilities approximated fair value except for inventory, which had a fair value of $85,000, and land, which had a fair value of $45,000. Required: For each question, indicate the appropriate total that should appear in the consolidated balance sheet prepared immediately after the business combination. 1. What amount of inventory will be reported? 2. What amount of goodwill will be reported? 3.What amount of total assets will be reported? 4. What amount of total liabilities will be reported? 5. What amount of consolidated retained earnings will be reported? 6. What amount of total stockholders equity will be reported?