On Jan. 1 Year 1, P spent 250 million to buy 100% of S. At that date, some key numbers (in millions) are:

                        S common stock         15

                        S paid-in capital          20

                        S retained earnings     80

                            Total book equity = 115

All of the assets and liabilities of S had book values = fair values, exc8pt:

Intangible assets of S, with a book value of zero, had fair value 30. The remaining life is 5 years.

The building of S had a book value of 120 and a fair value of 130. The building had a remaining life of 6 years.

At the end of year 1, The books of the two companies reflect the following:

Figures in millions			P	S
			Book value	Book value
Cash			300	63
Receivables (25 receivable by P from S)			105	12
Inventory			20	13
Land			30	10
Buildings (net of deprec.)			300	100
Investment in S			269
Intangible assets			26
Goodwill			0
	total assets		1050	198
Accounts payable (25 payable by S to P)			26	38
Accrued liabilities			29	10
long-term bonds			340	30
	total liabilities		395	78
Common stock of P, at par			25
Common stock of S, at par				15
Additional paid-in capital			85	20
retained earnings (ending)			545	85
	total equity		655	120
Total liabilities + equity			1050	198
Revenues			284	130
Expenses			203	115
Income from subsidiary			23
Dividends (S paid 10 to P)			14	10
Beginning Retained earnings			455	80
Ending retained earnings			545	85

A Find the consolidated balances for the following item. Show your work!

1. Receivables

B use the same facts as the prior questions. What should be the consolidated balance for Buildings, net of depreciation

C Using the same facts as the two prior questions, what is the appropriate consolidated balance for Total consolidated shareholders’ equity

D Using the same facts as the prior questions, what is the consolidated balance for goodwill?

E  Using the same facts as the prior questions, what is the proper consolidated balance for additional paid-in capital?