I just need help with what is wrong. Please include calculations as to how to get to the right answer. On January $1,2024,$ Presidio Company acquired $100$ percent of the outstanding common stock of Mason Company. To acquire Separately determine each individual amount that Presidio Company would report in its consolidated balance sheet following

the acquisition of Mason. Include in Presidio's retained earnings any adjustments to income accounts from part $($a$).$

Note: Input all amounts as positive values. To verify the answers found in part $($b$),$ adjust Presidio's column of accounts for the journal entries in part $($a$)$ and then prepare a

worksheet to consolidate the balance sheets of these two companies at the acquisition date.

Note: For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount

in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column

of the worksheet. Input all amounts as positive values.

these shares, Presidio issued to the owners of Mason $$310,000$ in long$-$term liabilities and $20,000$ shares of common stock having

a par value of $$1$ per share but a fair value of $$10$ per share. Presidio paid $$24,000$ to accountants, lawyers, and brokers for

assistance in the acquisition and another $$9,000$ in connection with stock issuance costs.

Prior to these transactions, the balance sheets for the two companies were as follows:

Note: Parentheses indicate a credit balance.

Presidio's appraisal of Mason's fair values deemed three accounts to be undervalued: Inventory by $$9,000,$ Land by $$25,800,$ and

Buildings by $$32,200.$ Presidio plans to maintain Mason's separate legal identity and to operate Mason as a wholly owned