#4

On December 31,208. Paragraph Corporation acquired 80 percent of Sentence Company's common stock for $136,000. At the acquisition date, the book values and fair values of all of Sentence's assets and llabilitles were equal. Paragraph uses the equity method in accounting for its investment. Balance sheet information provided by the companles at December 31,208, Immediately following the acquisition is as follows: Required: Prepare a consolldated balance sheet for Paragraph at December 31,208