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Can someone help with this? Attached is all the information. Thank you in advance!
On January 1, 2021, Casey Corporation exchanged $3 , 300 , 000 cash for 100 percent of the
outstanding voting stock of Kennedy Corporation. Casey plans to maintain Kennedy as a wholly
owned subsidiary with separate legal status and accounting information systems. At the
acquisition date, Casey prepared the following fair-value allocation schedule: Immediately after
closing the transaction, Casey and Kennedy prepared the following postacquisition balance
sheets from their separate financial records (credit balances in parentheses). Prepare an
acquisition-date consolidated balance sheet for Casey Corporation and its subsidiary Kennedy
Corporation. (For accounts where multiple consolidation entries are required,combine all debit
entries into one amount and enter this amount in the debit column of the worksheet. Similarly,
combine all credit entries into one amount and enter this amount in the credit column of the
Norksheet. Input all amounts as positive values.)

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  • 1. Can someone help with this? Attached is all the information. Thank you in advance! On January 1, 2021, Casey Corporation exchanged $3 , 300 , 000 cash for 100 percent of the outstanding voting stock of Kennedy Corporation. Casey plans to maintain Kennedy as a wholly owned subsidiary with separate legal status and accounting information systems. At the acquisition date, Casey prepared the following fair-value allocation schedule: Immediately after closing the transaction, Casey and Kennedy prepared the following postacquisition balance sheets from their separate financial records (credit balances in parentheses). Prepare an acquisition-date consolidated balance sheet for Casey Corporation and its subsidiary Kennedy Corporation. (For accounts where multiple consolidation entries are required,combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the Norksheet. Input all amounts as positive values.)