1 This is a continuation of 80% acquire problem H K L M N P 2 It is now the end of the year of acquisition and Ken and Barbie have the following finanical statements 3 4 Ken Barbie 5 Sales 400000 2000000 6 cost of goods sold 300000 1100000 7 gross profit 100000 900000 8 depreciation exp 20000 120000 9 amortization patent 2000 12000 10 investment income 0 A 11 income 78000 B 12 13 14 KEN 15 Cash 60000 16 Accts receivable 40000 17 inventory 80000 18 land 130000 19 equipment 200000 Barbie 2100000 140000 80000 900000 1200000 20 accum dep equip 40000 240000 21 patent 8000 48000 22 invest in subsidiary 0 C 23 goodwill 0 0 24 inprocess r&d 0 25 total assets 478000 D 26 27 accts payable 4000 40000 28 note payable 30000 300000 29 30 Common stock $1 par 150000 1250000 31 32 apic r/e 100000 1400000 194000 E 33 noncontrolling interest 0 0 34 total equity+ liabilities 478000 F