Please provide me with the correct solution for a big THUMP UP. THANK YOU IN ADVANCE.

Francisco Inc. acquired 100 percent of the voting shares of Beltran Company on January 1, 2017. In exchange, Francisco paid $795,250 in cash and issued 108,000 shares of its own $1 par value common stock. On this date, Francisco's stock had a fair value of $12 per share. The combination is a statutory merger with Beltran subsequently dissolved as a legal corporation. Beltran's assets and liabilities are assigned to a new reporting unit. The following reports the fair values for the Beltran reporting unit for January 1, 2017, and December 31, 2018, along with their respective book values on December 31, 2018 Fair Values Fair Values Book Values Beltran Reporting Unit Cash Receivables Inventory Patents Customer relationships Equipment (net) Goodwi11 Accounts payable Long-term liabilities 12/31/18 12/31/18 $ 122,500 $93,500 $93,500 351,000 325,900 581,500 546,000 267,050 586,000 296,750 302,000 623,000 621,500 329, 500 351,000 336,000 720,000 592,000 273,000 (105, 500) (186,000) (186,000) (684,500) (588,000) (588,00e) a. Prepare Francisco's journal entry to record the assets acquired and the liabilities assumed in the Beltran merger on January 1, 2017 b. On December 31, 2018, Francisco opts to forgo any goodwill impairment qualitative assessment and estimates that the total fair value of the entire Beltran reporting unit is $1,728,750. What amount of goodwill impairment, if any, should Francisco recognize on Required A Required B Prepare Francisco's journal entry to record the assets acquired and the liabilities assumed in the Beltran merger on January 1, 2017. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Show the amount of cash received and paid as two separate amounts.) Note: Enter debits betore credits. Date General Journal Debit Credit January 01 2017 Record entry Clear entry View general journal