please show all work. sorry its all one big problem. unsure if i was on the right track

37) On January 1, 2016, Prima Company issued 1,500 of its $20 par value common shares with a fair value of $50 per share in exchange for 2,000 outstanding common shares of Swatch Company in a purchase transaction. Registration costs amounted to $1,700 paid in cash. Just prior to the acquisition, the balance sheets of the two companies were as follows: Prima Swatch Cash Accounts Receivable (net) Inventory Plant and Equipment (net) Land Total Assets $ 73,000 95,000 58,000 95,000 26,000 $ 347,000 $13,000 19,000 25,000 43,000 20,000 $ 120,000 Accounts Payable $ 66,000 16,000 Notes Payable 82,000 21,000 Common Stock, $20 par value 100,000 40,000 Other Contributed Capital 60,000 24,000 Book Retained Earnings 39,000 19,000 Total Liabilities and Equities $ 347,000 $ 120,000 Any differences between the book value of equity and the value implied by the purchase price relates to Land. roblem 2 continued) equired: X8 Debit credit A. Prepare the journal entry on Prima's books to record the exchange of stock. Common stock (1500-20) 30,000 Registration experise 1,700 Common stock 5 (2,000 Shares ) Cash 30,000 1,700 B. Prepare a Computation and Allocation Schedule for the Difference between book value and value implied by the purchase price. 1500.50 Parent 100% Purchase Price 75,000 Book value Commonstock 40,000 other contributed 24,000 copito) Retained eamings 19.000 Total Book 83.000 Difference (8,000) Problem 2 continued) C. Calculate the consolidated balance for each of the following accounts as of December 31, 2016: 1. Cash 2. Land 3. Common Stock 4. Other Contributed Capital Sith consolidation