Question: please i need the answer quickly Question 2 (80 points) On January 1, 2020, Pentagon Corporation acquired 100 percent of Square Company's common stock for

please i need the answer quickly

please i need the answer quickly Question 2 (80
Question 2 (80 points) On January 1, 2020, Pentagon Corporation acquired 100 percent of Square Company's common stock for $110,000 cash. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Pentagon Co Square Co. Cash $17,500 $9,500 Accounts Receivable 57,500 35,000 Inventory 30,000 16,000 Land 85,000 30,000 Buildings and Equipment 117,000 100,000 Less: Accumulated Depreciation -45,000 -37,500 Investment in Square Corp. 110,000 Total Assets $372,000 $153,000 Accounts Payable $82,000 $38,000 Bonds Payable 125,000 30,000 Common Stock 90,000 50,000 Retained Earnings 75,000 35,000 Total Liabilities and Equity $372,000 $153,000 At the date of the business combination, the book values of Square's net assets and liabilities approximated fair value except for inventory, which had a fair value of $21,000, and land, which had a fair value of $42,000. Required: a) Prepare the equity method entries on Pentagon's books for the acquisition of Square on January 1, 2020. (10 points) b) Prepare Book Value calculation table. (10 points) c) Give the basic consolidation entry. (15 points) d) Prepare the excess Value (Differential) Calculations table. (10 points) e) Give excess value (differential) reclassification entries at the date of acquisition. (15 points) f) Give accumulated depreciation consolidation entry. (10 points) g) What is the balance of Inventory in the consolidated balance sheet as of January 1, 2020. (5 points) h) What is the balance of Common stock in the consolidated balance sheet as of January 1, 2020. (5 points)

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