Parent Inc. $($P$)$ and Sub Inc. $($S$)$ had the following balance sheets on December $31,2022$:

P S

Current assets $$60,000$ $$10,000$

Fixed assets $-$ net $$100,000$ $$60,000$

Total assets $$160,000$ $$70,000$

Current liabilities $$42,000$ $$35,000$

Bonds payable$3$ $$20,000$ $$12,000$

Common shares $$90,000$ $$12,000$

Retained earnings $$8,000$ $$11,000$

Total liabilities and equity $$160,000$ $$70,000$

On January $1,2023,$ P purchased all of S$\text{'}$s common shares for $$50,000$ in cash. On that date,

S$\text{'}$s current asset and fixed assets had a fair value of $$18,000$ and $$48,000,$ respectively.

Consolidated financial statements were prepared on that date.

Instructions:

a$)$ Calculate the amount for current assets on the consolidated balance sheet.

b$)$ Calculate the amount for fixed assets on the consolidated balance sheet.

c$)$ Calculate the amount for the acquisition differential, if any, arising from this business combination.

d$)$ Calculate the amount for the goodwill, if any, arising from this business combination.

e$)$ Calculate the amount for the shareholders' equity section of the consolidated balance sheet.