On December 31, Year 5, Darrell Inc. purchased 100% of the outstanding shares of Kindersley Company for $7,545 cash. Three different values for Kindersley's balance sheet accounts on the date of acquisition were as follows:

All differences between carrying amount and the tax base are temporary differences for the items listed above. The patent has an estimated useful life of 8 years. Any goodwill reported on the consolidated balance sheet pertains only to Kindersley and is redundant for tax purposes. A goodwill impairment loss of $395 was reported in Year 7.

The tax rate for both companies is 40%. Assume that future income taxable payable on the separate entity financial statements of the parent and subsidiary are as follows:

Required: (a) Calculate goodwill and future income taxes payable for the consolidated balance sheet at the date of acquisition. (Omit $ sign in your response.)

(b) Prepare a changes to acquisition schedule for Years 5 through 7. (Leave no cells blank - be certain to enter "0" wherever required. Negative/Deductible amounts should be indicated by a minus sign. Omit $ sign in your response.)

(c) Calculate goodwill and future income taxes payable for the consolidated balance sheet for Year 7. (Omit $ sign in your response.)

\begin{tabular}{|c|c|c|c|c|c|} \hline & \multicolumn{2}{|c|}{\begin{tabular}{c} Carrying \\ Amount \end{tabular}} & \multicolumn{2}{|c|}{ Tax Base } & Fair Value \\ \hline Monetary assets & $ & 1,675 & $ & 1,675 & $1,675 \\ \hline Inventory & & 3,700 & & 3,700 & 3,270 \\ \hline \multirow[t]{2}{*}{ Patent (net) } & & 4,520 & & 3,590 & 5,320 \\ \hline & $ & 9,895 & $ & 8,965 & $10,265 \\ \hline Monetary liabilities & $ & & & 3,058 & $3,058 \\ \hline Future income taxes payable & & 372 & & & \\ \hline Ordinary shares & & 1,020 & & & \\ \hline \multirow[t]{2}{*}{ Retained earnings } & & 5,445 & & & \\ \hline & $ & 9,895 & & & \\ \hline \end{tabular} \begin{tabular}{ccc} Year & Darrell & Kindersley \\ \hline Year 5 & $1,415 & $372 \\ Year 6 & 1,620 & 415 \\ Year 7 & 1,680 & 430 \end{tabular} Future income taxes payable Goodwill Future income taxes payable Goodwill