Information on Balance Sheet Book Values and Fair Values Just

Information on balance sheet book values and fair values just after Python Company's acquisition of Slither Corporation is as follows:
$\begin{array}{|l|c|c|c|}\hline & \begin{array}{c}\text { Python } \\\text { B ook value } \\\text { Dr (Cr) }\end{array} & \begin{array}{c}\text { Slither } \\\text { B ook Value } \\\text { Dr (Cr) }\end{array} & \begin{array}{c}\text { Slither } \\\text { Fair Value } \\\text { Dr (Cr) }\end{array} \\\hline \text { Current assets } & \$ 30,000 & \$ 4,000 & \$ 3,500 \\\hline \text { Plant assets } & 500,000 & 50,000 & 35,000 \\\hline \text { Identifiable intangible assets } & 40,000 & 6,000 & 50,000 \\\hline \text { Irwestment in Slither } & 250,000 & & \\\hline \text { Current liabilities } & \{100,000\} & \{3,000\} & \{5,000\} \\\hline \text { Long-term liabilities } & \{370,000\} & \{50,000\} & \{51,000\} \\\hline \text { Common stock } & \{2,000\} & \{400\} & \\\hline \text { Additional paid-in capital } & \{260,000\} & \{13,000\} & \\\hline \text { Retained earnings } & \{108,000\} & 6,000 & \\\hline \text { Treasury stock } & 8,000 & 1,000 & \\\hline \begin{array}{l}\text { Accumulated other comprehensive } \\\text { \{income \}loss }\end{array} & 12,000 & (600) & \\\hline \text { Total } & \$ \quad 0 & \$ \quad 0 & \\\hline\end{array}$
Python acquires all of Slither's common stock for $250,000 in cash.
Required a. The working paper to consolidate Python and Slither at the date of acquisition appears below. Fill in eliminating entries (E) and (R). Compute the consolidated balances.
$\begin{array}{|l|c|c|c|c|c|}\hline \text { (in thousonds) } & \begin{array}{l}\text { Python } \\\text { Dr (Cr) }\end{array} & \begin{array}{l}\text { Slither } \\\text { Dr (Cr) }\end{array} & \text { Dr } & \mathrm{Cr} & \begin{array}{c}\text { Consolidated } \\\text { Dr (Cr) }\end{array} \\\hline \text { Current assets } & \$ 30,000 & \$ 4,000 & & & \\\hline \text { Plant assets } & 500,000 & 50,000 & & & \\\hline \text { Investment in Slither } & 250,000 & \text {-- } & & & \\\hline \text { Identifiable intangible assets } & 40,000 & 6,000 & & & \\\hline \text { Goodwill } & -- & -- & & & \\\hline \text { current liabilities } & (100,000) & (3,000) & & & \\\hline \text { Long-term liabilities } & (370,000) & (50,000) & & & \\\hline \text { Common stock } & (2,000) & (400) & & & \\\hline \text { Additional paid-in capital } & (260,000) & (13,000) & & & \\\hline \text { Retained earnings } & (108,000) & 6,000 & & & \\\hline \text { Treasury stock } & 8,000 & 1,000 & & & \\\hline \begin{array}{l}\text { Accumulated other } \\\text { comprehen sive (in come) loss }\end{array} & 12,000 & (600) & & & \\\hline \text { Total } & \$0 & \$0 & & & \\\hline\end{array}$
b. Present, in good form, the date-of-acquisition consolidated balance sheet.