Determining Balance Sheet Prior to Consolidation On January 1, 2004, Pat Company purchased 90% of the outstanding common stock of Solo Company for $236,000 cash. The balance sheet for Pat Company just before the exe} Saker of Solo Company stock, along with the consolidated balance sheet prepared at the date of acquisition, follows: LO7 

Pat Company Consolidated December 31, 2003 January 1, 2004 Cash $ 540,000 $ 352,000 Accounts Receivable 272,000 346,000 Advances to Solo Company 10,000 Inventory 376,000 451,000 Plant and Equipment 622,000 820,000 Land 350,000 421,000 Total $2,170,000 $2,390,000 Accounts Payable $ 280,000 $ 386,000 Long-Term Liabilities 520,000 605,500 Noncontrolling Interest in Subsidiary 28,500 Common Stock 890,000 890,000 Other Contributed Capital 300,000 300,000 Retained Earnings 180,000 180,000 Total $2,170,000 $2,390,000 One week before the acquisition, Pat Company had advanced $10,000 to Solo Company. Solo Company had not yet recorded the transaction on the date of acquisition. In addition, on the date of acquisition, Solo Company owed Pat Company $4,000 for purchases of merchandise on account. The merchandise had been sold to outside parties prior to the date of acquisition.
Required:
A. Determine the amount of cash that appeared on Solo Company’s balance sheet immediately prior to the acquisition of its stock by Pat Company.
B. Determine the amount of total stockholders’ equity on Solo Company’s separate balance sheet at the date of acquisition.
C. Determine the amount of total assets appearing on Solo Company’s separate balance sheet on the date of acquisition.