Company A acquired 100% of Company B's voting stock on January 1, 2018 by issuing 10,000 shares of its $10 par value common stock. Company A's common stock had a fair value of $14 per share at that time. Company B'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.

Below 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. Then, continue by preparing a consolidated worksheet for year ended Dec. 31, 2018. Include your consolidation and elimination entries in journal form.

	A Company		B Company
Revenues	(485,000)		(190,000)
COGS	160,000		70,000
Depreciation Exp	130,000		52,000
			-
Net Income	?		(68,000)
R/E, 1/1	(609,000)		(40,000)
Net income (above)	?		(68,000)
Dividends paid	175,500		40,000
R/E, 12/31	?		(68,000)
Cash	268,000		17,000
Trademark	427,500		58,000
Buildings & Eqp (net)	713,000		161,000
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)