Additional Information:Pearl purchased 80% of the outstanding voting shares of Silverfor $5,300,000 on July 1, Year 2, at which time Silver's retainedearnings were $545,000 and accumulated deprecia The following financial statements were prepared on December 31, Year 6. Balance Sheet Cash \begin{tabular}{|r|r|} \hline Pearl & \multicolumn{1}{|l}{ Silver } \\ \hline 590,000 & 390,000 \\ \hline 49 0 answers