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Determine and explain the December 31, 2018, consolidated totals for these accounts. Also complete amortization schedule. Given Data P03-32: Mergaronite Hill Revenues Cost of goods

Determine and explain the December 31, 2018, consolidated totals for these accounts. Also complete amortization schedule. image text in transcribed
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Given Data P03-32: Mergaronite Hill Revenues Cost of goods sold Depreciation expense Investment income Retained earnings, 1/1/15 Dividends declared Current assets Land Buildings (net) Equipment (net) Liabilities Common stock Additional paid-in capital 12/31/2015 12131/2015 (600,000) $ (250,000) 100,000 50,000 NA (900,000) (600,000) 40,000 200,000 690,000 90,000 140,000 200,000 250,000 (400,000) (310,000) (300,000) (40,000) (50,000) (160,000) 280,000 120,000 Not given 130,000 300,000 500,000 Mergaronite's $10 par common stock issued for acquisition of Hill number of shares Fair market value of Mergaronite stock- per share Hill's land undervalued by Hill's buildings overvalued by Hill's equipment undervalued by Remaining life of buildings -years Remaining life of equipment-years Appraised value of Hill's customer list 7,000 100 $ 20,000 $ 30,000 60,000 10 $ 100,000 20 9Remaining life of Hill's customer list-years

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