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Problem #1 (25 points) Bradley acquired 100% of Artieda on July 1, 2017, by issuing 10,500 shares of its $10 par value common stock

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Problem #1 (25 points) Bradley acquired 100% of Artieda on July 1, 2017, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On July 1, 2017, Artieda 's land was undervalued by $40,000, its buildings were overvalued by $30,000, and equipment was undervalued by $80,000. The buildings have a 6-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 5-year remaining life. The following are selected accounts for Bradley Corporation and Artieda Company as of December 31, 2017. "*Assume Bradley properly recorded transactions during the ar $195,000_ Bradley $900,000 Revenues Cost of goods sold $360,000 Depreciation expense Amortization expense Dividends Land $h40,oo $100,000 $450,000 $750,000 Buildings (net) 900,000 Equipment (net) Goodwill $600,000 Liabilities Artieda $500,000 $200,000 $40,000 $60,000 $80,000 $180,000 $280,000 $520,000 $60,000 $620,000 $20,00 Retained $80,000 Common stock $450,000 $320,000 Additional paid-in $4,975,000 capital Compute the following December 31, 2018 balance: 1) Consolidated revenues: 2) Consolidated total expenses: 3) Consolidated equipment (net): 4) Consolidated buildings (net):

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