Please help me solve this problem: Required $A$

Determine the consolidated balances for this business combination as of December $31,2024.$

Note: For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Input all amounts as positive values.

Show less $4$

PERLMAN CORPORATION AND STEIN COMPANY

Consolidation Worksheet

For Year Ending December $31,2024$

$\backslash$table$[[$Accounts$,$Perlman,Stein,Consolidation Entries,$\backslash$table$[[$Noncontrolling$],[$Interest$]],\backslash$table$[[$Consolidated$],[$Totals$]]],[$Debit$,$Credit$],[$Revenues$,$$$,(1,843,000),$$$,(675,000),,,,],[$Cost of goods sold,,$1,100,000,,322,000,,,,],[$Depreciation expense,,$125,000,,120,000,,,,],[$Amortization expense,,$275,000,,11,000,,,,],[$Interest expense,,$27,500,,7,000,,,,],[$Equity in income of Stein,,$(121,500),,0,,,,],[$Separate company net income,$$,(437,000),$$$,(215,000),,,,],[$Consolidated net income$],[$To noncontrolling interest$],[$To Perlman Company$],[$Retained earnings, $1/1,$$$,(2,625,000),$$$,(395,000),,,,],[$Net income,,$(437,000),,(215,000),,,,],[$Dividends declared,,$350,000,,25,000,,,,],[$Retained earnings, $12/31,$$$,(2,712,000),$$$,(585,000),,,,],[$Current assets,$$,1,204,000,$$$,430,000,,,,],[$Investment in Stein,,$1,854,000,,0,,,,],[$Software$,,0,,0,,,,],[$Buildings and equipment,,$931,000,,863,000,,,,],[$Copyrights$,,950,000,,107,000,,,,],[$Goodwill$],[$Total assets,$$,4,939,000,$$$,1,400,000,,,,],[$Accounts payable,$$,(485,000),$$$,(200,000),,,,],[$Notes payable,,$(542,000),,(155,000),,,,],[$Noncontrolling interest in Stein$],[,,,,,,,0,],[$Common stock,,$(900,000),,(400,000),,,,],[$Additional paid$-$in capital,,$(300,000),,(60,000),,,,],[$Retained earnings, $12/31,,(2,712,000),,(585,000),,,,],[$Total liabilities and equities,$$,(4,939,000),$$$,(1,400,000),0,0,,]]$ Required $A$

If instead the noncontrolling interest's acquisition$-$date fair value is assessed at $$167,500,$ what changes would be evident in

the consolidated statements?On January $1,2023,$ Perlman Corporation exchanged $$1,710,000$ cash for $90$ percent of the outstanding voting stock of Stein Company.

The consideration transferred by Perlman provided a reasonable basis for assessing the total January $1,2023,$ fair value of Stein

Company. At the acquisition date, Stein reported the following owners' equity amounts in its balance sheet:

In determining its acquisition offer, Perlman noted that the values for Stein's recorded assets and liabilities approximated their fair

values. Perlman also observed that Stein had developed internally a software with an assessed fair value of $$800,000$ that was not

reflected on Stein's books. Perlman expected both cost and revenue synergies from the combination.

At the acquisition date, Perlman prepared the following fair$-$value allocation schedule:

At December $31,2024,$ the two companies report the following balances:

At year$-$end, there were no intra$-$entity receivables or payables.

Required:

a$.$ Determine the consolidated balances for this business combination as of December $31,2024.$

b$.$ If instead the noncontrolling interest's acquisition$-$date fair value is assessed at $$167,500,$ what changes would be evident in the

consolidated statements?