Question: Problem solving 1 ( Please answer all but specfically D , E and F . Thank you for your help ) Placid Lake Corporation acquired

 Problem solving 1(Please answer all but specfically D,E and F. Thank

Problem solving 1(Please answer all but specfically D,E and F. Thank you for your help)
Placid Lake Corporation acquired 80 percent of the outstanding voting stock of Scenic, Inc., on January 1,2017, when Scenic had a net book value of $400,000. Any excess fair value was assigned to intangible assets and amortized at a rate of $5,000 per year.
Placid Lake's 2018 net income before consideration of its relationship with Scenic (and before adjustments for intra-entity sales) was $300,000. Scenic reported net income of $110,000. Placid Lake declared $100,000 in dividends during this period; Scenic paid $40,000. At the end of 2018, selected figures from the two companies' balance sheets were as follows:
\table[[,Placid Lake,Scenic],[Inventory.,$140,000,$90,000
you for your help) Placid Lake Corporation acquired 80 percent of the

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