On January 1, 2018, Uncle Fester Inc. acquired 100% of Morticia Corp.'s outstanding common stock by exchanging37,500 shares of Uncle Fester's $2 par value common voting stock. On January 1, 2018, Uncle Fester's votingcommon stock had a fair value of $40 per share. Morticia's voting common shares were selling for $6.50 pershare. Morticia's balances on the acquisition date, just prior to acquisition are listed below.Book Value FairValueCash $ 30,000Accounts Receivable 120,000 $ 120,000Inventory 200,000 230,000Land 230,000 290,000Building (net) 450,000 600,000Equipment (net) 175,000 160,000Accounts Payable (80,000) (80,000)Common Stock, $1 par (500,000)Paid-in Capital (350,000)Retained Earnings, 1/1/18 (275,000)Compute the value of Goodwill on the date of acquisition, 1/1/18.

Pronghorn Inc. acquired 20% of the outstanding common stock of Theresa Kulikowski Inc. on December 31, 2020. The purchase price was $1,243,200 for 51,800 shares. Kulikowski Inc. declared and paid an $0.75 per share cash dividend on June 30 and on December 31, 2021. Kulikowski reported net income of $786,000 for 2021. The fair value of Kulikowski's stock was $27 per share at December 31, 2021.

On January 31, 2021, Parent Inc. purchased 90% of Sub Inc., issuing common shares of Parent with a market value of $400,000.  Costs were $10,000 to issue the shares and $16,000 of other legal costs.   Parent and Sub Inc had the following balance sheets on January 30, 2021 immediately prior to the acquisition:   Parent Inc. Sub Inc. Sub Inc.   (carrying value) (carrying value) (fair value) Cash $1,200,000 $300,000 $300,000 Accounts Receivable $ 400,000 $ 64,000 $ 64,000 Inventory $ 240,000 $ 80,000 $ 60,000 Plant and Equipment (net) $ 960,000 $350,000 $300,000      Accumulated depreciation ($100,000) ($94,000)   Trademark   $ 20,000 $ 36,000 Total Assets $2,700,000 $720,000 $760,000  Accounts Payable $1,500,000 $300,000 $300,000 Bonds Payable $ 600,000 $240,000 $210,000       $510,000 Common Shares $ 500,000 $ 60,000   Retained Earnings $ 100,000…

Bramble Inc. acquired 20% of the outstanding common stock of Theresa Kulikowski Inc. on December 31, 2020. The purchase price was $ 1,294,800 for  49,800 shares. Kulikowski Inc. declared and paid an $ 0.75 per share cash dividend on June 30 and on December 31, 2021. Kulikowski reported net income of $ 764,000 for 2021. The fair value of Kulikowski’s stock was $ 29 per share at December 31, 2021. (a)     Prepare the journal entries for Bramble Inc. for 2020 and 2021, assuming that Bramble cannot exercise significant influence over Kulikowski. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit                                                      (To record dividend.)                       (To record…