M M M M M C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253%252F%252Fnewconnect.mheducation.com%252F#/... G Q E favortie opening funny animes funny manga 9:46 SCHOOL TEXTBOO... . 10:50 13:39 7:07 8:42 . This Is HILARIOUS |... |28:44 the carbuncle.. . 5:37 T Close as Neighbors. 33:20 >Other bookmarks Chapter 5. Assignment 5 0 Saved Help Save & Exit Submit Check my work On January 1, Year 2, Taylor Corp. acquired 100% of the outstanding shares of Toronto Inc. for a total cost of $226.000. The carrying amount and fair value of Toronto's assets and liabilities on this date were as follows: 10 Carrying points Amount Fair Value Cash and accounts receivable 125, 090 125, 090 Inventory 30,000 32,090 Buildings, net 175, 090 205,090 Trademarks 60, 908 Boo 330, ege $ 422, 090 Current liabilities 50, 090 50, 090 Long-term debt 190, 090 210,090 Common shares 10,090 Print Retained earnings 89, 090 330, 090 References On January 1. Year 2, the buildings and trademarks had an estimated useful life of ten and fifteen years, respectively. The long-term debt is due on December 31, Year 6. A goodwill impairment test in Year 4 indicated a value of $23.000 for Toronto's goodwill. There were no other impairment losses. Required: (a) Prepare a schedule of changes to the acquisition differential for each year from the date of acquisition to the end of Year 4. (Leave no cells blank - be certain to enter "O" wherever required. Omit $ sign In your response. Negative/Deductible amounts should be Indicated by a minus sign.) Balance Balance Jan. 1 Changes Dec. 31 Year 2 Year 2 Year 3 rear 4 Year 4 Inventory 2000 -2000 Buildings 30000 -3000 -300 21000 Trademarks 60000 4000 -4000 48000 Long-term debt -20000 4000 -8000 Goodwill -5000 -3000 $ (b) This part of the question is not part of your Connect assignment. Mc docs (5).zip A docs (4).zip good docs (2).zip A docs (1).zip Show all X Q Search 9 ENG 5:58 PM US 2023-06-09