On January 1, 2022, a parent company acquired 100% of the voting common stock of a subsidiary company for $1 , 500 , 000 . On the acquisition date, the stockholders' equity of the subsidiary was $1 , 400 , 000 . The fair values of the subsidiary's identifiable net assets were equal to their recorded pre- acquisition carrying values except for the following: 1. Compute the acquisition accounting premium. 2. Assign the acquisition accounting premium to the identifiable net assets. 3. Complete the journal entry to record the acquisition. .