Velway acquired joker inc. on january 1, 2018. the parent paid more than the fair value of the subsidiary's net assets. on that date, velway had equipment with a book value of $500,000 and a fair value of $640,000. joker had equipment with a book value of $400,000 and a fair value of $470,000. joker decided to use push-down accounting. immediately after the acquisition, what equipment amount would appear on joker's separate balance sheet and on velway’s consolidated balance sheet, respectively? $400,000 and $970,000 $400,000 and $900,000 $470,000 and $970,000 $470,000 and $900,000

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?