Below are the financial statements for Company B and S on 12/31/2013
	B				S
			BV (in M)				BV		MV
	Cash		15.00		Cash		5.00		5.00
	AR		10.00		AR		6.00		6.00
	Inventory		20.00		Inventory		4.00		4.00
	PPE		20.00		PPE		10.00		2.00	(5 years)
	Land		15.00		Land		5.00		15.00
	Patent		20.00		Patent		5.00		15.00	(10 Years)
	Bank loan		(40.00)		Bank loan		(30.00)		(38.00)	(8 years)
	C/S		(10.00)		C/S		(2.00)
	ADPC		(20.00)		ADPC		(2.00)
	R/E		(30.00)		R/E		(1.00)

On 01/01/2014 B purchased 60% of S's stock by paying 3M cash and issue new shares to
S's former shareholders 600,000 shares with $1 par value and $10 Market Value
Q1.	What are the journal entries to document this transaction.
Q2.	Assuming that B gains control with 60% ownership, should B consolidate?
	If yes, what should the consolidated balance sheet be right after the transaction

By the end of 2014, B and S released their income statement as follows, Please fillout the blank below
and point out what accounts should be added.
			B		S
	Revenue		(50.00)		(10.00)
	Total Expense		44.00		8.00
			10.00
			4.00
	Net Income				(2.00)

Notethat S give out cash dividend in the amount of $1 in 2014.
By the end of 2014, B and S's financial statenebts are as below
			B		S		Consolidated
	Revenue		(50.00)		(10.00)
	COGS		30.00		6.00
	SGA		10.00		1.00
	Interest Expense		4.00		1.00
	Investment Income
	Net Income				(2.00)

	R/E @ 01/01/2014		(30.00)		(1.00)
	Net Income				(2.00)
	Cash Dividend		2.00		1.00
	R/E @ 12/31/2014				(2.00)
	Cash		10.00		6.00
	AR		10.00		4.00
	Inventory		15.00		3.00
	Investment
	PPE		30.00		12.00
	Land		20.00		5.00
	Patent		18.00		7.00
	Bank loan		(47.40)		(31.00)
	C/S		(10.00)		(2.00)
	ADPC		(20.00)		(2.00)
	R/E				(2.00)