6 Company A has just acquired Company B at a premium to book value and wants to prepare a consolidated balance sheet dated to the acquisition date. Assume that the $500,000 acquisition of Company B is due to the goodwill value of Company B. Balance Sheet Totals Company A ($) Company B ($) Cash 20,000 40,000 Accounts Receivable 30,000 25,000 Inventory 60,000 80,000 Investment in Company B 500,000 Land 250,000 300,000 Buildings & Equipment 700,000 220,000 Accumulated Depreciation (450,000) (120,000) Total Assets 1,110,000 545,000 Accounts Payable 60,000 50,000 Debt Outstanding 300,000 100,000 Common Stock 500,000 170,000 Retained Earnings 250,000 225,000 What will the new investment in Company B and goodwill account totals be under the consolidated balance sheet