PLEASE DO A,B,C AND D ONLY

Problem 12-4 Pen Company acquired 70% of the outstanding common stock of Bal Corporation on January 1, 2016 for P1,780,000 cash. The statement of financial position of the Pen and Bal immediatelv after the acauisition shows the following information: The non-controlling interest is fair-valued at P600,000 on the date of acquisition. and to be measured by the acquirer at fair value. Required: a. Prepare the entry in the books of Pen Company to record the stock acquisition. b. Prepare a schedule to determine and allocate the fair value and book value differential. c. Prepare consolidation working paper entries. d. Prepare a consolidation working paper. e. Prepare a consolidated statement of financial position. Problem 12-4 Pen Company acquired 70% of the outstanding common stock of Bal Corporation on January 1, 2016 for P1,780,000 cash. The statement of financial position of the Pen and Bal immediatelv after the acauisition shows the following information: The non-controlling interest is fair-valued at P600,000 on the date of acquisition. and to be measured by the acquirer at fair value. Required: a. Prepare the entry in the books of Pen Company to record the stock acquisition. b. Prepare a schedule to determine and allocate the fair value and book value differential. c. Prepare consolidation working paper entries. d. Prepare a consolidation working paper. e. Prepare a consolidated statement of financial position