Assume that a parent company acquires a 70% interest in a subsidiary for a purchase price of $1,078,000. The excess of the total fair value of the controlling and non-controlling interests over the book value of the subsidiary?s stockholders? equity is assigned to a building (in PPE-net) that is worth $100,000 more than its book value, an unrecorded patent that the parent valued at $200,000, and goodwill of $300,000. Goodwill is assigned proportionally to the controlling and non-controlling interests. Using the data below, you are to complete the consolidation worksheet by:1. Entering the consolidation entries in the appropriate columns for the elimination entries (E), and the addition of the AAP amounts (A).2. Preparing the consolidated balance sheet as it would appear after acquisition. Parent Subsidiary Dr Cr ConsolidatedCash 920,000 215,000 Accounts receivable 782,000 330,000 Inventory 1,100,000 425,000 Equity investment 1,078,000 PPE, net 5,400,000 800,000 Patent Goodwill Total assets 9,280,000 1,770,000 Current liabilities 810,000 330,000 Long-term liabilities 4,000,000 500,000 Common stock 920,000 90,000 Additional paid-in capital 700,000 120,000 Retained earnings 2,850,000 730,000 Noncontrolling interest Total liabilities and equity 9,280,000 1,770,000

Table 1. shows the expected demand for the dvd at different suggested donation levels, and they can act as a single-price monopolist if they choose to. thereceipts will be used to fund gstcg supplies for their data collection and conservation work. at the end of each sea turtle nesting season, any excess funds are donated by the gstcg to a local non-profit sea turtle research and rehabilitation facility. table 1 suggested anticipated total marginal profit donation per number of dvd revenue revenue dvd request requests $19.00 0 $15.00 2 $9.50 4 $7.75 10 $3.00 15 $0.00 20 a. complete table 1 by computing the total revenue, marginal revenue, and profit columns. b. the president wants the gstcg to provide videos to generate the most possible donations (total revenue). what price, if any, is the president of the gstcg favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. c. the education outreach committee wants the gstcg to provide videos to the highest possible number of people. what price, if any, is the educational outreach committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. d. the treasurer of the gstcg wants the dvd program to be as efficient as possible so that the marginal revenue equals marginal cost. what price, if any, is the treasurer favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. e. the fundraising committee wants the dvd program to generate as much profit in donations as possible. what price, if any, is the fundraising committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer.