Constructing the Consolidated Balance Sheet at Acquisition Winston Company purchased all of Marcus Companys common stock for $840,000 cash on January 1, at which time the separate balance sheets of the two corporations appeared as follows.

	Winston Company	Marcus Company	Consolidating Adjustments	Consolidated
Investment in Marcus	$840,000	$-
Other assets	3,220,000	980,000
Goodwill	-	0
Total assets	$4,060,000	$980,000
Liabilities	$1,260,000	$224,000
Contributed capital	1,960,000	420,000
Retained earnings	840,000	336,000
Total liabilities and equity	$4,060,000	$980,000

During purchase negotiations, Winston determined the appraised value of Marcuss Other Assets was $1,008,000, and all of its remaining assets and liabilities were appraised at values approximating their book values. The balance of the purchase price was ascribed to goodwill. Prepare the consolidating adjustments and the consolidated balance sheet at acquisition.

	Winston Company	Marcus Company	Consolidating Adjustments	Consolidated
Investment in Marcus	Answer	Answer	Answer	Answer
Other assets	Answer	Answer	Answer	Answer
Goodwill	Answer	Answer	Answer	Answer
Total assets	Answer	Answer		Answer
Liabilities	Answer	Answer	Answer	Answer
Contributed capital	Answer	Answer	Answer	Answer
Retained earnings	Answer	Answer	Answer	Answer
Total liabilities & equity	Answer	Answer		Answer