Question: please focus on question 1&2 Use Chapter 2 Problem 34 on Page 85 To prepare the following: 1. Prepare NewTune's joumal entrles to record the

please focus on question 1&2  please focus on question 1&2 Use Chapter 2 Problem 34 on
Page 85 To prepare the following: 1. Prepare NewTune's joumal entrles to

Use Chapter 2 Problem 34 on Page 85 To prepare the following: 1. Prepare NewTune's joumal entrles to record the acquisition of On-the-Go, assuming that On-the-Go's will be dissolved and no longer exist as a legal entity; 2. Prepare Newiune's journal entries to record the ecquistion of On the:Go, assuming that no dissolution takes place and both compantes retain their separate legal identities. On January 1, NewTune Company exchanges 15,000 shares of its common stock for all of the outstanding shares of Onthe-Gio, Inc. Each of NewTone s stires has a value. The fair value of the stock ecchanged in the acquisition was considered equal to On-the-Go's fair value. NewTune atio paid \$2s, ices emtity. Pregare a postcembination balance shet for NewTune as of the acquisition dale. as of the combination date

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