Complete the consolidation working papers for Owl and Barn Corp for 2015 based on the following infromation.

A.

owl Corporation acquired 90% of Barn Corporation on January 1, 2015 for 72,000 cash At this date, Barn's stockholders' equity consisted of 30,000 Common stock 30,000 Retained earnings 8,000 Barn's noncontrolling interest was deemed to be worth The difference between the price paid by Owl and the underlying equity acquired in Barn 10 years was allocated to a plant asset with a remaining straight-line life of 5,000 It was over valued by The remainder was attributable to goodwill. Barn Corporation's accumulated depreciation on the date of acquisition 197,000