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Data Formulas Review View Draw Insert Page Layout Wrap Text- 32 El Murge & Carter fx On January 1, 2021, Mustafa Corporation purchased Mohammad Corporation

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Data Formulas Review View Draw Insert Page Layout Wrap Text- 32 El Murge & Carter fx On January 1, 2021, Mustafa Corporation purchased Mohammad Corporation for the D On January 1, 2021. Mustafa Corporation purchased Mohammad Corporation for the following amount 40,950 Prior to the purchase, the balance sheets for Mustafa Corporation and Mohammad Corporation are listed below. Prepare a combined balance sheet by filling in cells in column D (12 points) Combined Mustafa Mohammad Corporation Corporation s 50,050 S 36,400 $ 40.950 S 22.750 S 45,500 5 104,650 S 136,500 $ 163,800 S * Assets: Cash 20 Accounts Receivable 11 Land 12 Goodwill 1 Total Assets 34 Liabilities: 13 Accounts Payable 16 Notes Payable 11 Total Liabilities 34 Stockholders' Equity: 3. Common Stock 20 Retained amnings 21 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 31,850 $ S 31.850 $ 13,650 136,500 150,150 s S 5 5 S 45.500 5 59,150 $ 104,650 $ 136,500 5 4,550 9,100 13,650 163.800 25 21 21

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