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U ! - - - - -- Pace Corporation acquired 100 percent of Spin Company's common stock on January 1, 20X9. Balance sheet data for

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U ! - - - - -- Pace Corporation acquired 100 percent of Spin Company's common stock on January 1, 20X9. Balance sheet data for the two companies immediately following the acquisition follows: Spin Company $ 25,000 40,000 55,800 40,000 160,089 (50,000) Item Cash Accounts Receivable Inventory Land Buildings and Equipment Less: Accumulated Depreciation Investment in Spin Company Stock Total Assets Accounts Payable Taxes Payable Bonds Payable Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Pace Corporation $ 30,000 80,000 150,000 65,000 269, eee (120,000) 150,000 $ 615,000 $45,000 20,000 200,000 50,000 300,000 $ 615,000 $270,000 $33,000 8,000 100,000 20,000 109,000 $270,000 At the date of the business combination, the book values of Spin's net assets and liabilities approximated fair value except for Inventory, which had a fair value of $60,000, and land, which had a fair value of $50,000. The fair value of land for Poce Corporation was estimated at $80,000 Immediately prior to the acquisition I 1. At what amount should total land be reported in the consolidated balance sheet prepared immediately after the business combination b. what amount of total assets will appear in the consolidated balance sheet prepared immediately after the business combination? c. what is the differential associated with the acquisition? d. what amount of goodwill will be reported in the consolidated balance sheet prepared immediately after the business combination? e. what amount of liabilities will be reported in the consolidated balance sheet prepared immediately after the business combination? f. what amount of retained earnings will be reported in the consolidated balance sheet prepared immediately after the business combination? g. what amount of total stockholders' equity will be reported in the consolidated balance sheet prepared immediately after the business combination

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