Assume Ronny, Inc., paid $346,000 to acquire all the common stock of Dinette Corporation, and Dinette owes Ronny $192,000 on a note payable. Immediately after

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Assume Ronny, Inc., paid $346,000 to acquire all the common stock of Dinette Corporation, and Dinette owes Ronny $192,000 on a note payable. Immediately after the purchase on September 30, 2010, the two companies€™ balance sheets follow.

Requirement
1. Prepare the worksheet for the consolidated balance sheet of Ronny,Inc.

Ronny Dinette Assets S 54,000 52,000 89,000 192,000 278,000 346,000 397,000 $1,462,000 Inventory 452,000 Plant assets, net 457 ota $1,050,000 Liabilities and Stockholders' Equity Accounts payable Notes payable Other liabilities Common stock Retained earnin Total S 127,000 399,000 249,000 577,000 110,000 $1,462,000 $79,000 329,000 296,000 259,000 87 $1,050,000