need some help figuring out this question, not sure how to figure out book value of equity acquired

Your answer is partially correct. Try again. Assume that Company S's balance sheet is the same as the balance sheet used in Case I (from part a). Suppose that there were 50,000 shares of S Company common stock outstanding and that Company P acquired 90% of the shares for $4.50 a share. Shortly after acquisition, the noncontrolling shares were selling for $4.25 a share. Prepare a computation and allocation of difference schedule considering this information. (Round answers to 0 decimal places, e.g. 125.) I 21250 223750 Purchase Price and Implied Value ~ 3 | En _ BookAValue ofrEqulty Acquired El 142600 15489 I [ Difference Between Implied and BoakrValue 23800 I Increase Long-term Assets to Fair Value 65306 5761 65306; lllll lllll lllll I Balanee 5 l LINK'I'OTEX'I' l The two following separate cases show the nancial position of a parent company and its subsidiary company on November 30, 2014, just after the parent had purchased 90% of the subsidiary's stock: Current assets $ 874,700 $257,900 $ 784,500 $278,000 Investment in S Company 188,400 188,400 Long-term assets 1,390,700 400,500 1,204,900 400,500 Other assets 90,700 40,300 69,500 69,800 Total $2,544,500 $698,700 $2,247,300 $748,300 Current liabilities $ 636,400 $269,000 $ 707,000 $259,700 Long-term liabilities 856,900 287,100 916,200 270,200 Common stock 595,300 178,700 595,300 178,700 Retained earnings 455,900 (36,100 ) 28,800 39,700 Total $2,544,500 $698,700 $2,247,300 $748,300