Revenue Expenses Net income Cash Receivable and inventory Patented technology (noncurrent assets) Equipment (noncurrent assets) Total assets Liabilities Common stock (book value is $ 1 per share) Additional paid up capital Retained earnings Year Ending 31 Dec 2020 XYZ LLC (figures in $) Total liabilities & equity 55,000 45,000 10,000 12,000 77,000 90,000 120,000 299,000 25,000 90,000 77,000 107,000 299,000 Star LLC (figures in $) 65,000 61,000 4,000 11,000 95,000 65,000 75,000 246,000 26,000 80,000 95,000 45,000 246,000 Star LLC's equipment was actually $ 55,000 and patented technology as $ 75,000. Fair value of receivables and inventory for Star LLC was $ 105,000. XYZ LLC acquired all common stock of Star LLC by issuing 12,000 shares of $ 1 par value and having $ 16 as fair value and taking a loan of $ 75,000. Any undervalued noncurrent assets should be amortized spanning a five year period. Any access of consideration transferred over fair value should be amortized over ten years. Following figures are assumed for the next two years: XYZ LLC Net income for 2021 Dividends declared for 2021 Net income for 2022 Dividends declared for 2022 20,000 5,000 22,000 6,000 Star LLC 8,000 4,000 9,000 4,000 A. Calculate goodwill from the above information. Show goodwill calculation with both the methods of accounting equation. B. Prepare statement of consolidated retailed earnings (for years 2021 & 2022). C. Prepare balance sheet for XYZ LLC (for year ending 31 Dec 2020).