Pawn Company acquired 90 percent of the voting common shares of Shop Corporation by issuing bonds with a par value and fair value of $121,500 to Shop’s existing shareholders. Immediately prior to the acquisition, Pawn reported total assets of $510,000, liabilities of $320,000, and stockholders’ equity of $190,000. At that date, Shop reported total assets of $350,000, liabilities of $215,000, and stockholders’ equity of $135,000.

Required

Immediately after Pawn acquired Shop’s shares,

a. What amount of total assets did Pawn report in its individual balance sheet?

b. What amount of total assets was reported in the consolidated balance sheet?

c. What amount of total liabilities was reported in the consolidated balance sheet?

d. What amount of stockholders’ equity was reported in the consolidated balance sheet?