Company A acquired $100\%$ of Company B$\text{'}$s voting stock on January $1,2018$ by issuing $10,000$ shares of its $$10$ par value common stock.

Company A$\text{'}$s common stock had a fair value of $$14$ per share at that time. Company B$\text{'}$s stockholder's equity was $$105,000$ at date of acquisition.

The trademark was undervalued by $$10,000.$ It has an indefinite life. Equipment $($with a $5$ year life$)$ was undervalued by $$5,000.$ A customer list that had

been created internally had an estimated useful life of $20$ years was valued at $$20,000.$

Following are the financial statements for the two companies for the year ending December $31,2018.$ Credit balances are indicated by $($parentheses$).$

Complete the trial balance of A Company $($calculate income of sub and investment in sub$)$ by using the three different investing accounting methods;

Equity, Intial Value, and Partial Equity $($use individual tabs following problem$)$ Fair value of stocks

Then, continue by preparing a consolidated worksheet for year Stocks issued by company A

ended Dec. $31,2018.$ Include your consolidation and elimination

entries in journal form with the exam. Company B stock equity

A Company B Company Trademark

Revenues $(485,000)(190,000)$

COGS $160,00070,000$ equiptment

Depreciation Exp $130,00052,000$

$-$ custumer list

Net Income $(68,000)$

R$/$E$,1/1(609,000)(40,000)$

Net income $($above$)(68,000)$

Dividends paid $175,50040,000$

R$/$E$,12/31-(68,000)$

Cash $268,00017,000$

Trademark $427,50058,000$

Buildings & Eqp $($net$)713,000161,000$

Total Assets $236,000$

Liabilities $(190,000)(103,000)$

Common Stock $(600,000)(60,000)$

APIC $(90,000)(5,000)$

R$/$E $($above$)(68,000)$

Total Liabilities & Equity $(236,000)$ i need to finish fillng out the balance sheet then create the wrkbooks for the $3$ methods