Question: This was Homework And i will have test on this material next week please show step by step on what you did also any explanation

This was Homework And i will have test on this material next week please show step by step on what you did also any explanation is would be appreciated.

1.Following is the balance sheet for Cake at 1/1/2014.On 1/1/2014, Choco acquired 80% of the outstanding common stock (80,000 shares out of 100,000 shares) of Cake for $18/shares.The market value for Cake's stock was $16/share. (control premium)

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