Constructing the Consolidated Balance Sheet at Acquisition Winston Company purchased all of Marcus Company’s common stock for $600,000 cash on January 1, at which time the separate balance sheets of the two corporations appeared as follows.

Winston Company Marcus Company Consolidating Adjustments Consolidated

????nvestment in Marcus . . . . . . . . . . . ???? ????????????,???????????? ????—

Other assets . . . . . . . . . . . . . . . . . . ????,????????????,???????????? ????????????,????????????

????oodwill . . . . . . . . . . . . . . . . . . . . . — —

Total assets. . . . . . . . . . . . . . . . . . . ????????,????????????,???????????? ????????????????,????????????

????iabilities. . . . . . . . . . . . . . . . . . . . . ???? ????????????,???????????? ????????????????,????????????

????ontributed capital. . . . . . . . . . . . . ????,????????????,???????????? ????????????,????????????

Retained earnings . . . . . . . . . . . . . ????????????,???????????? ????????????,????????????

Total liabilities and equity . . . . . . . . ????????,????????????,???????????? ????????????????,????????????

During purchase negotiations, Winston determined the appraised value of Marcus’s Other Assets was

$720,000, and all of its remaining assets and liabilities were appraised at values approximating their book values. The balance of the purchase price was ascribed to goodwill. Prepare the consolidating adjustments and the consolidated balance sheet at acquisition.