On September 1, 20x8, A Company purchased 100 percent of the voting stock of B Company for $480,000 in cash. The separate condensed balance sheets immediately after the purchase were as follows:

Prepare a work sheet for preparing the consolidated balance sheet immediately after A Company acquired control of B Company. Assume that any excess cost of A Company's investment in the subsidiary over book value is attributable to goodwill from consolidation.

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A Company B Company Other assets Investment in B Company Total assets Liabilities Common stock Retained earnings Total liabilities and stockholders' equity $1,103,000 $544,500 480,000 500,000 647,500 $1,583,000 $1,583,000 $544,500 435,500 $ 94,500 150,000 300,000 $544,500 2