Private Company acquired a controlling interest in Public Company. Private Company had the following balance sheet on the acquisition date:

Public Company had the following book and fair values on the acquisition date:

The shareholders of Private Company requested 300 Public Company shares in exchange for all of their 100 shares. This was an exchange ratio of 3 to 1. The fair value of a share of Public Company was $25.
Prepare an appropriate value analysis and a determination and distribution of excess schedule.

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Private Company (the acquirer) Balance Sheet December 31, 2011 Assels Liabilities and Equity Current assets .. Fixed assets $1,000 ongterm liabilities 5,000 Common stock ($1 par) (100 shares $2,000 100 Paid-in capital in excess of par.. Retained earnings 900 3,000 $6,000 Tołal assets $6,000 Total liabilities and equity Book Value FairValueies and Equity Book Value Fair Value $1,000 $,00 Long-term liabilities $1,000 $1,000 (200 shares).. Assets Current assets Fixed assets 2,000 3,000 Common stock ($1 par 200 Paid-in capital in excess of par. 80 1,000 Relained earnings Total liabilities and Total assels $3,000 $4,000 equity ..$3,000