X Corporation paid $16,200 for a 90% interest in Vivo Corporation on January 1, 2020, when Vivo's stockholders' equity consisted of $9,000 Capital Stock, APIC of $1,000, and $3,000 of Retained Earnings. The excess cost over book value was attributable to the trademark, which has not been impaired since the acquisition date. The following occurs: 1. X sells merchandise to Vivo at 120% of X's cost. In 2020, X's sales to Vivo were $4,800, of which half of the merchandise remained in Vivo's inventory on December 31, 2020. (The 2020 ending inventory was sold in 2021.) In 2021, X's sales to Vivo were $6,000 of which 60% remained in Vivo's inventory at December 31, 2021. At year-end 2021, Vivo owed X $5,000 for the inventory purchased during 2021. 2. X Corporation sold equipment with a book value of $2,000 and remaining useful life of four years and no salvage value to Vivo Corporation on January 1, 2021, for $2,800. Straight-line depreciation is used. 3. During 2021, Kodak sold to X land for $50,000 that had a book value of $20,000. X still owns the land on 12/31/21. Prepare the acquisition analysis as of the acquisition date. Compute the unamortized differential as of 1/1/2021. Please help me with the calculations. Thank you. INCOME STATEMENT Parent Subsidary Consolidat Debit Credit 14,000 60,000 4,600 800 Sales Equity in sub earnings gain on sale of equip Gain on sale of land Total revenues Cost of goods sold Expenses 30,000 44,000 65,400 26,000 28,000 4,400 3,600 Total expenses Total Net income Less net income to NCI Net income to controlling 54,000 11,400 8,000 36,000 11,400 36,000 9,500 5,000 RETAINED EARNINGS STATEMENT Retained Earnings 1/1 Net income Dividends declared Retained Earnings 12/31 11,400 36,000 7,000 2,000 13,900 39,000 BALANCE SHEET 5,500 7,000 33,000 4,000 10,000 4,500 cash accts rec Dividends rec Inventory Other current assets Land Buildings, net Equipment, net Investment in s trademark 50,000 3,500 9,000 24,000 20,400 Total assets 116,900 54,000