The statement of financial position of Columba Ltd. at December 31, 2017, was as follows: COLUMBA LTD. Statement of Financial Position as at December 31, 2017 Share capital (150,000 shares) $150,000 Retained earnings 98,000 Total equity 248,000 Accounts payable 10,000 Other liabilities 24,000 Total liabilities 34,000 Total equity and liabilities $282,000 Inventory $ 44,000 Non-current assets: Plant $232,000 and equipment-net Goodwill Total assets 6,000 238,000 $282,000 The recorded amounts of Columba's identifiable assets and liabilities at this date were equal to their fair values except for inventory and plant and equipment, whose fair values were $50,000 and $236,000, respectively. The plant and equipment has a further five-year life. All the inventory was sold by Columba by December 2018. There are no impairments of goodwill. The tax rate is 40%. On January 1, 2018, Centaurus Inc. acquired all the shares in Columba, giving in exchange 48,000 shares in Centaurus, with a fair value at acquisition date of $5 per share. Costs incurred by Centaurus in undertaking the acquisition amounted to $10,000. The consideration transferred by Centaurus at the day of acquisition was: O a. $240,000 b. $250,000 c. $48,000 Clear my choice The total fair value adjustments to the consolidated income statement in 2018 will be: O a. Decrease in net income of $480 O b. Decrease in net income of $800 c. Increase in net income of $800 The amount of the adjustment to the goodwill account on the consolidated financial statements as at December 31, 2019 would be: a. Decrease $6,000 Ob. Increase $6,000 O c. Increase $8,000 The total fair value adjustment at the day of acquisition is: O a. $6,000 O b. $0 O c. $10,000