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A1 fx On January 1, 2018, Mustafa Corporation purchased Mohammad Corporation for the A B C On January 1, 2018, Mustafa Corporation purchased Mohammad Corporation

A1 fx On January 1, 2018, Mustafa Corporation purchased Mohammad Corporation for the A B C On January 1, 2018, Mustafa Corporation purchased Mohammad Corporation for the 2 following amount: 3 $ 41,670 4 Prior to the purchase, the balance sheets for Mustafa Corporation and Mohammad 5 Corporation are listed below. Prepare a combined balance sheet by filling in cells in 6 column D (12 points). Assets: Mustafa. Corporation Mohammad Corporation Cash $ 50,930 $ 37,040 10 Accounts Receivable. $ 41,670 $ 23,150 11 Land $ 46,300 S 106,490 12 Goodwill 13 Total Assets 14 Liabilities: 15 Accounts Payable 16 Notes Payable 17 Total Liabilities 18 Stockholders' Equity: 19 Common Stock 20 Retained Earnings $ 138,900 $ 166,680 32,410 S 13,890 S 138,900 $ 32,410 $ 152,790 $ 46,300 $ 4,630 $ 60,190 $ 9,260 21 Total Stockholders' Equity $ 106,490 S 13,890 22 Total Liabilities and Stockholders' Equity $ 138,900 S 166,680 23 D F G Combinedimage text in transcribed

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