PLD Company Purchased All the Shares of SYS Company for $120

PLD Company purchased all the shares of SYS Company for $120 million in cash. At the date of acquisition, the fair value of SYS's plant and equipment was $50 million less than carrying value. However, SYS had $125 million in developed technology, unreported on its balance sheet but meeting the criteria for capitalization as part of the acquisition. The balance sheets of PLD and SYS just prior to the date of acquisition appear below.
$$\begin{array} { | l | r | r | } \hline & { \text { PLD } } & \text { SYS } \\\hline \text { (in millions) } & { \text { Dr (Cr) } } \\\hline \text { Current assets } & \$ 450 & \$ 90 \\\hline \text { Plant \& equipment, net } & 1,400 & 370 \\\hline \text { Goodwill } & - - & 180 \\\hline \text { Liabilities } & \{ 1,135 \} & \{ 410 \} \\\hline \text { Capital stock } & \{ 350 \} & \{ 150 \} \\\hline \text { Retained earnings } & \{ 380 \} & (70) \\\hline \text { Accumulated other comprehensive income } & 15 &( 10 ) \\\hline \text { Total } & \$ 0 & \$ 0 \\\hline\end{array}$$ Required a. Prepare the journal entry PLD made to record the acquisition of SYS on its own books.
b. Prepare a working paper to consolidate the balance sheet accounts of PLD and SYS at the date of acquisition.