Use the following information to answer questions 3 through 7. Pace Corporation acquired 100 percent of Spin Company's common stock on January 1, 2020. Balance sheet data for the two companies immediately following the acquisition follow: Item Cash Accounts Receivable Inventory Pace Corporation Spin Company $30,000 $25,000 80,000 40,000 150,000 55,000 Land 65,000 40,000 Buildings and Equipment 260,000 160,000 Less: Accumulated Depreciation (120,000) (50,000) Investment in Spin Company Stock 150,000 Total Assets $615,000 $270,000 Accounts Payable $45,000 $33,000 Taxes Payable 20,000 8,000 Bonds Payable 200,000 100,000 Common Stock 50,000 20,000 Retained Earnings 300,000 109,000 Total Liabilities and Stockholders' Equity $615,000 $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. 3. What is the unamortized excess associated with the acquisition (4 points)? 4. 5. At what amount should total land be reported in the consolidated balance sheet prepared immediately after the business combination (4 points) What amount of goodwill will be reported in the consolidated balance sheet prepared immediately after the business combination (4 points)? 6. 7. What amount of liabilities will be reported in the consolidated balance sheet prepared immediately after the business combination (4 points)? What amount of total stockholder's equity will be reported in the consolidated balance sheet prepared immediately after the business combination (4 points)?