Question One - Problem solving (calculations and analysis): On January 2, 2019, Parent Corporation acquired a 90% interest in Sub Company for OMR3,500,000. At that time Sub Company had capital stock of OMR2,250,000 and retained earnings of OMR1,250,000. The book values of Sub Company's assets and liabilities were equal to their fair values except for land and bonds payable. The land had a fair value of OMR200,000 and a book value of OMR120,000. The outstanding bonds were issued on January 1, 2008, at 9% and mature on January 1, 2023. The bonds' principal is OMR500,000 and the current yield rate on similar bonds is 6%. Required: a. Assuming interest is paid annually, prepare a Computation and Allocation Schedule for the difference between book value and the value implied by the purchase price in the consolidated statements workpaper on the acquisition date (8 marks). b. Prepare the workpaper entries necessary on December 31, 2019, to allocate and depreciate the difference between book value and the value implied by the purchase price (7 marks)