PLEASE ANSWER ALL THE FOLLOWING EXCEPT NO.5 AND GIVE THE SOLUTIONS!

Pakistan Book value Syria Book value Syria Fair value Assets P 334,800 Cash Accounts receivable Inventory.. Land. Buildings and equipment (net) Copyright. Total Assets... Liabilities and Stockholders' Equity 86.400 P 24,000 P 24.000 96.000 60,000 66,000 120,000 48,000 84.000 744,000 222.000 372.000 60.000 P1.381.200 P 354.000 P.606.000 P 96,000 P 42,000 P 42.000 Accounts payable. Estimated liability for contingencies. Bonds payable Common stock, P1 par Paid in capital in excess of par Retained earnings. Stockholders' Equity Required: 6.000 240,000 120,000 120,000 32,160 12,000 435,840 108,000 577,200 72,000 P1,381.200 P 354,000 P438.000 1. Prepare journal entry to record investment in the books of the acquirer company. 2. Prepare schedule for determination and allocated excess: a. Proportionate Basis Approach b. Fair Value Basis Approach 3. Determine the following: a. Consolidated total assets b. Consolidated total liabilities c. Ordinary share/Common stock d. Share premium/additional paid-in capital e. Accumulated profit/loss (Retained earnings). f. Consolidated stockholders' equity g. Non-controlling interests (if any) 4. Prepare the working paper eliminating entries for purposes of preparing consolidates balance sheet. a. Proportionate Basis Approach b. Fair Value Basis Approach 5. Prepare a consolidated workpaper on January 1, 20x4. a. Proportionate Basis Approach b. Fair Value Basis Approach 6. Prepare the consolidated balance sheet immediately after acquisition. a. Proportionate Basis Approach b. Fair Value Basis Approach