Constructing the Consolidated Balance Sheet at Acquisition

On January $1$ of the current year, Healy Company purchased all of the common shares of Miller Company for $$600,000$ cash, Balance sheets of the two firms immediately after the acquisition follow better than the industry average

Prepare the consolidating adjustments and the consolidated balance sheet at acquisition.

Use negative signs with consolidating adjustment answers, when appropriate.

$\backslash$table$[[,\backslash$table$[[$Healy$],[$Company$]],\backslash$table$[[$Miller$],[$Company$]],\backslash$table$[[$Consolidating$],[$Adjustments$]],\backslash$table$[[$Consolidated$],[$Balance Sheet$]]],[$Current assets,$51,200,000,590,000,,5],[$Investment in Miller,$600,000,-,,],[$Plant assets, net,$3000,000,410,000,,],[$Goodwail$],[$Total assets,$$4,800,000,5500,000,,5],[$Labilities$,3700,000,590,000,,3],[$Contributed capital,$3,100,000,370\mathrm{.}000,,],[$Retained eamings,$1,000,000,40\mathrm{.}000,,],[$Joual liabllities & stockholders equity,$54,800,000,5500,00C,,5]]$