Please lay the answer out as shown in the picture, thanks.

Consolidated Balance Sheet Working Paper, Date of Acquisition, Bargain Purchase \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ (in millions) } & Paxon & Saxon \\ \hline Assets & & \\ \hline Cash and receivables & $2,860 & $720 \\ \hline Inventory & 1,700 & 900 \\ \hline Equity method investments & -- & 300 \\ \hline Land & 650 & 175 \\ \hline Buildings and equipment, net & 2,400 & 600 \\ \hline Total assets & $7,610 & $2,695 \\ \hline Liabilities and shareholders' equity & & \\ \hline Current liabilitiess & $1,500 & $1,000 \\ \hline Long-term debt & 2,000 & 845 \\ \hline Common stock, par value & 500 & 50 \\ \hline Additional paid-in capital & 1,200 & 200 \\ \hline Retained earnings & 2,410 & 600 \\ \hline Total liabilities and shareholders' equity & $7,610 & $2,695 \\ \hline \end{tabular} Several of Saxon's assets and liabilities had fair values that were different from their book values. Estimates of the fair values of these items follow: \begin{tabular}{|l|r|} \hline \multicolumn{1}{|c|}{ (in millions) } & Estimated fair value \\ \hline Inventory & $500 \\ \hline Equity method investments & 400 \\ \hline Land & 450 \\ \hline Buildings and equipment, net & 1,100 \\ \hline \end{tabular} In addition, Saxon had previously unrecorded identifiable intangible assets valued at $875 million. The estimated fair value of the noncontrolling interest in Saxon is $350 million. a. Calculate the gain on acquisition and prepare Paxon's entry to record the acquisition. - When appropriate, use negative signs with your revaluation answers (left column only). - Do not use negative signs with your answers in the right column. - Enter answers in millions. Paxon's acquisition entry (in millions): Prepare a working paper to consolidate the balance sheets of Paxon and Saxon at January 1, 2022. Remember to use negative signs with vour credit (Cr) balance answers in the Dr(Cr) columns. Enter answers in millions. c. Present the consolidated balance sheet, in good form, at the date of acquisition. - Do not use negative signs for any of your answers. - Enter answers in millions. Consolidated Balance Sheet Working Paper, Date of Acquisition, Bargain Purchase \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ (in millions) } & Paxon & Saxon \\ \hline Assets & & \\ \hline Cash and receivables & $2,860 & $720 \\ \hline Inventory & 1,700 & 900 \\ \hline Equity method investments & -- & 300 \\ \hline Land & 650 & 175 \\ \hline Buildings and equipment, net & 2,400 & 600 \\ \hline Total assets & $7,610 & $2,695 \\ \hline Liabilities and shareholders' equity & & \\ \hline Current liabilitiess & $1,500 & $1,000 \\ \hline Long-term debt & 2,000 & 845 \\ \hline Common stock, par value & 500 & 50 \\ \hline Additional paid-in capital & 1,200 & 200 \\ \hline Retained earnings & 2,410 & 600 \\ \hline Total liabilities and shareholders' equity & $7,610 & $2,695 \\ \hline \end{tabular} Several of Saxon's assets and liabilities had fair values that were different from their book values. Estimates of the fair values of these items follow: \begin{tabular}{|l|r|} \hline \multicolumn{1}{|c|}{ (in millions) } & Estimated fair value \\ \hline Inventory & $500 \\ \hline Equity method investments & 400 \\ \hline Land & 450 \\ \hline Buildings and equipment, net & 1,100 \\ \hline \end{tabular} In addition, Saxon had previously unrecorded identifiable intangible assets valued at $875 million. The estimated fair value of the noncontrolling interest in Saxon is $350 million. a. Calculate the gain on acquisition and prepare Paxon's entry to record the acquisition. - When appropriate, use negative signs with your revaluation answers (left column only). - Do not use negative signs with your answers in the right column. - Enter answers in millions. Paxon's acquisition entry (in millions): Prepare a working paper to consolidate the balance sheets of Paxon and Saxon at January 1, 2022. Remember to use negative signs with vour credit (Cr) balance answers in the Dr(Cr) columns. Enter answers in millions. c. Present the consolidated balance sheet, in good form, at the date of acquisition. - Do not use negative signs for any of your answers. - Enter answers in millions