Step by step solution please

Presented below are the financial balances for the Atwood Company and the Franz Company as of December 31, 2021, immediately before Atwood acquired Franz. Also included are the fair values for Franz Company's net assets at that date. Atwood Franz Co Franz Co Book Value Book Value Fair Value 12/31/21 12/31/21 12/31/21 Cash $870,000 $240,000 $240,000 Receivables 660,000 600,000 600.000 Inventory 1,230,000 420,000 580,000 Land 1,800,000 260,000 250,000 Buildings (net) 1,800,000 540,000 650,000 Equipment (net) 660,000 380,000 400,000 Accounts Payable (570,000) (240,000) (240,000) Accrued Expenses (270,000) ( 60,000) ( 60,000) Long-term Liabilities (2,700,000) (1,020,000) (1,120,000) Common stock ($20 par) (1,980,000) Common stock ($5 par) (420,000) Additional Paid-in Capital (210,000) (180,000) Retained Earnings, 1/1/21 (1,170,000) (480,000) Revenues (2,880,000) (660,000) Expenses 2,760,000 620,000 NOTE: Parenthesis indicates a credit balance. Assume a business combination took place at December 31, 2021. Atwood issued 50,000 shares of its common stock with a fair value of $35 per share for all of the outstanding common shares of Franz, which then was promptly dissolved. Stock issuance costs of $15,000 and direct costs of $10,000 were paid. Atwood is applying the acquisition method in accounting for its combination with Franz. To settle a difference of opinion regarding Franz's fair value, Atwood promises to pay an additional $5,200 to the former owners if Franz's earnings exceed a certain sum during the next year. Given the probability of the required contingency payment and cted present value of the contingency is $5,000.15. Compute consolidated goodwill at date of acquisition. A. $455,000. B. $460,000. C. $450,000. D. $440,000. E. $465,000. 16. Compute consolidated equipment at date of acquisition. A. $400,000. B. $660,000 C. $1,060,000. D. $1,040,000. E. $1,050,000. 17. Compute consolidated retained earnings as a result of this acquisition. A. $1, 160,000. B. $1,170,000 C. $1,265,000. D. $1,280,000. 18. Compute consolidated revenues at date of acquisition. A. $3,540,000. B. $2,880,000. C. $1, 170,000. D. $1,650,000. E. $4,050,000. 19. Compute consolidated expenses at date of acquisition. A. $2, 760,000. B. $3,380,000. C. $2,770,000. D. $2,735,000. E. $2,785,000