b)Determine the amounts at which the above assets (plus goodwill, if any) will appear on the consolidated balance sheet

please do parts a and b with work.

Exercise 5-4 On January 1, 2015, Porter Company purchased an 80% interest in Salem Company for $262,600. On this date, Salem Company had common stock of $204,000 and retained earnings of $130,100. An examination of Salem Company's balance sheet revealed the following comparisons between book and fair values: Inventory Other current assets Equipment Land Book Value Fair Value $30,000 $35,200 50,600 5 4,300 305,800 356,100 199,100 199,100 (a) Determine the amounts that should be allocated to Salem Company's assets on the consolidated financial statements workpaper on January 1, 2015. Parent Non- Controlling Share Entire Value Share LINK TO TEXT Attempts: 0 of 5 used (b)