can someone explain how these adjustment and consolidated totals were calculated?

Solution: -0- Answer: As per the data provided in the question, Innous Inc., Page 1 acquired 100% of chip Tech company. Innovus employes initial value method to account for chip Tech; Innovus Chiptech Adjustments Consolidated Revenues 9,901000 2. (0,000 12,00,000 Cost of goods.sold 5,00,ooo 90,000 5,90,000 Depreciation expense 1,00,000 5,000 105,000 Amortization expense 55,000 IS1000 E) 201000 93,000 I dividend income 40,000 0.000 Net income 13,75,000) 197,000) 1+12,000) Retained earning to 0,555, 000) 450,000 $450,000) 60,000 Q 615,000) 97,000 (+12,000) Net income 467600 Dividends paid 250,000 40,000 250.000 Retained earnings (1213) (1,650,000) (507,000) (7,777,000 Current assets 9, 60,000 3,55,000 1,315,000 Investment in 670,000 (c) 60,000 chiptech (5) 5, 50,000 (A) 1,59000 (375, 000) (1) 40,000 Page 2 9,901000 3.67, 000 93,000 Equipment net) 7,65,000 225,oool Trademark 2, 35,000 1,00,000 (A) 36,000 4.000 existing technology 45,000 LA) 64,000 E) 16,000 Goodwill 4,501000 -O- A) 50,000 Total assets 3,050,000 7,251000 Liabilities = 80,000 58.000 Common stock 51001000 1100,000 $1,09coo Additional paid in capital 11201000 30,000 301000 Retained earnings (1273) 16,89000 5,07,000 Total liabilities a Equity 3,099.000 71251000 550,000 500,000 3,265,000 5,65 000 51001000 550,000 13,265,000)