Aa bccDt AaBbc bcci Aa 1 Normal No Spac. Heading 1 Heading 2 Title D A Paragraph N Styles 3 6 3. (20 pts) Green Company purchased 100% of Yellow Company on January 1, 2019 for $1,200,000 in cash. On the day of the purchase, Yellow had the following net assets: Book Value Fair Value Life Cash, receivables Equipment Land Building (net) $100,000 300,000 100,000 400,000 5 years $100,000 350,000 150,000 380,000 10 years Payables Net Assets $200,000 $700,000 $190,000 $790,000 Green uses the acquisition method, as required. Prepare a schedule showing how to allocate the difference in fair value given up by Green and the book value of what is received from Yellow. Your schedule should show annual a. amortization. D. Focu RI 1 Aa Ao 21 2-A- AaBbce Rabbccc AaBb C AaBbcc Aab 1 Normal No Spac... Healing Heading 2 5 Paragraph Styles b. Assuming a consolidation occurs leaving Yellow as a legal entity, record the acquisition on the books of Green c. Assume instead that the purchase was a merger. Record the purchase on the books of Green. Focus BI Aa bccDt AaBbc bcci Aa 1 Normal No Spac. Heading 1 Heading 2 Title D A Paragraph N Styles 3 6 3. (20 pts) Green Company purchased 100% of Yellow Company on January 1, 2019 for $1,200,000 in cash. On the day of the purchase, Yellow had the following net assets: Book Value Fair Value Life Cash, receivables Equipment Land Building (net) $100,000 300,000 100,000 400,000 5 years $100,000 350,000 150,000 380,000 10 years Payables Net Assets $200,000 $700,000 $190,000 $790,000 Green uses the acquisition method, as required. Prepare a schedule showing how to allocate the difference in fair value given up by Green and the book value of what is received from Yellow. Your schedule should show annual a. amortization. D. Focu RI 1 Aa Ao 21 2-A- AaBbce Rabbccc AaBb C AaBbcc Aab 1 Normal No Spac... Healing Heading 2 5 Paragraph Styles b. Assuming a consolidation occurs leaving Yellow as a legal entity, record the acquisition on the books of Green c. Assume instead that the purchase was a merger. Record the purchase on the books of Green. Focus BI