Question: Please help solve this table with the information on the right. It is greatly appreciated!! DELL CORE 12 Consolidated Balances Dr. (Cr.) 1/854 (R) Consolidation
Please help solve this table with the information on the right. It is greatly appreciated!!

DELL CORE 12 Consolidated Balances Dr. (Cr.) 1/854 (R) Consolidation Immediately After Acquisition Dr. (Cr.) [Page 1 of 2] On January 1, 2020, Parent Corporation acquired all of the outstanding com stock of Sub Company for $4,590 cash. Eliminating Entries Dr. (Cr.) The balance sheets of Parent and Sub, immediately prior to the combinatio 1,296 1,620 1,080 shown below: 540 Balance Sheets Parent Sub Sub Assets Dr. (Cr.) Cash and receivables 5,148 $ 1,296 Inventory 3.060 1,620 Long-term investments 540 Consolidation Working Paper Land 1,170 315 Buildings and equipment, net 4,320 Total assets 13,698 $ 1,080 4,851 Liabilities and Stockholders' Equity Current liabilities 2,700 1,800 Long-term debt ,600 720 Common stock, par value 900 180 Accounts Taken from Books After Acquis. Parent Acquisition 5, 148 (4590 ) 3,060 1,170 4,320 (2,70 (3,600) (900) (2, 160 ) (4.338) Additional paid-in capital ,160 630 Retained earnings 4,338 1,521 Total liabilities and equity 13,698 4,851 Remember to use negative signs for credit amounts in the Dr (Cr) columns Several of Sub's assets and liabilities had fair values that were different Before Acquis. from their book values. Estimates of the fair values of these items follow: Inventory 1,440 Long-term investments 450 Additional paid-in capital Common stock, par value Land 756 Buildings and equipment, net 1.620 Long-term debt 700 In addition, Sub had previously unrecorded identifiable intangible assets valued at $198 Consolidation Immediately After Acquisition [Page 2 of 2 b) Prepare a working paper to consolidate the balance sheets of Parent and Sub at January 1, 2020. Cash and receivables Inventor Long-term investments Investment in Sub Land Buildings and equipment , net Identifiable intangible assets Goodwill (if applicable) Current liabilities Long-term debt Required: (a) Calculate goodwill or gain on acquisition. (b) Prepare a working paper to consolidate the balance sheets of Parent and Sub at January 1, 2020 (complete the consolidation worksheet on pg2). Don't forget to record the acquisition in the accounts of Parent on the consolidation worksheet. zoom trace graph Ins del XT.an clear angle vars math
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