80% purchase, goodwill, worksheet. Using the data given in Problem 2-6, assume that Aron Company purchases 80% of the common stock of mShield Company for $320,000 cash. The following comparative...

80% purchase, goodwill, worksheet. Using the data given in Problem 2-6, assume that Aron Company purchases 80% of the common stock of mShield Company for $320,000 cash.

The following comparative balance sheets are prepared for the two companies immediately after the purchase:

1. Prepare the value analysis and the determination and distribution of excess schedule for the investment in Shield Company.

2. Complete a consolidated worksheet for Aron Company and its subsidiary Shield Company as of December 31, 2015.