sing the data given in problem assume that raabe company exchanged 14000 of its 40 fair value 1 par value shares for 16000 of the

The following fair values applied to Dalke’s assets:
Other current assets. . . . . . . . . . . $ 70,000
Inventory . . . . . . . . . . . . . . . . . . . 80,000
Land. . . . . . . . . . . . . . . . . . . . . . . 90,000
Building. . . . . . . . . . . . . . . . . . . . 150,000
Equipment . . . . . . . . . . . . . . . . . . 75,000
Required
1. Record the investment in Dalke Company and any other purchase-related entry.
2. Prepare the value analysis schedule and the determination and distribution of excess schedule.
3. Prepare a consolidated balance sheet for July 1, 2016, immediately subsequent to the purchase.