The statements of financial position of the two companies immediately after the acquisition transaction appear below.

P Company S Company

Carrying Amount Carrying Amount Fair Value

Plant and equipment $($net$)$ $ $9,600$ $ $8,300$ $ $9,500$

Investment in S Company $11,900$

Inventory $6,6605,2005,600$

Accounts receivable $6,1503,4003,400$

Cash $4,5002,5502,550$

$ $38,810$ $ $19,450$

Ordinary shares $ $12,000$ $ $4,500$

Retained earnings $15,4105,950$

Long$-$term liabilities $8,5003,5003,500$

Other current liabilities $1,5003,3003,300$

Accounts payable $1,4002,2002,200$

$ $38,810$ $ $19,450$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Required:

$($a$)$ Calculate consolidated goodwill at the date of acquisition under the proportionate consolidation method. $($Omit $ sign in your response.$)$

Consolidated goodwill $

$($b$)$ Prepare a consolidated statement of financial position in order of liquidity i$.$e starting with cash at the date of acquisition under each of the following:

$($i$)$ Identifiable net assets method

$($ii$)$ Fair value enterprise method

$($c$)$ Calculate the current ratio and debt$-$to$-$equity ratio for P Company under the identifiable net assets $($INA$)$ method and the fair value enterprise $($FVE$)$ method. $($Round "Current ratio" answers to $2$ decimal places and "Debt to equity ratio" answers to $4$ decimal places.$)$

NA FVE

Current ratio

Debt to equity ratio