On January $2,20$X$8,$ ?Primary Corporation acquired $100$ ?percent of Secondary Company's outstanding common stock. In exchange for

Secondary's stock, Primary issued bonds payable with a par and fair value of $$650,000$ ?directly to the selling stockholders of

Secondary. The two companies continued to operate as separate entities subsequent to combination.

Immediately prior to the combination, the book values and fair values of the companies' assets and liabilities were as follows:

At the date of combination, Secondary owed Primary $$6,000$ ?plus accrued interest of $$500$ ?on a short$-$term note. Both companies

have properly recorded these amounts.

Required:

a$.$ ?Record the business combination on the books of Primary Corporation.

b$.$ ?Prepare the following consolidation entries needed in a worksheet to prepare a consolidated balance sheet immediately following

the business combination on January $2,208.$

c$.$ ?Prepare and complete a consolidated balance sheet worksheet as of January $2,20$X$8,$ ?immediately following the business

combination.

d$.$ ?Present a consolidated balance sheet for Primary and its subsidiary as of January $2,20$X$8.$