Following are the consolidated balance sheet accounts of Primer Inc. and its subsidiary, Sore Corporation, as of December 31, 20X6 and 20X5. Net Increase (Decrease) $118,000 Assets Cash Marketable Equity Securities, at cost Allowance to Reduce Marketable Equity Securities to Market Accounts Receivable, net Inventories Land Plant and Equipment Accumulated Depreciation Goodwill, net Total Assets Liabilities and Stockholders' Equity Current Portion of Long-Term Note Accounts Payable and Accrued Liabilities Note Payable, Long-Term Deferred Tax Liability, net Minority Interest in Net Assets of Subsidiary Common Stock, par $10 Additional Paid-In Capital Retained Earnings Treasury Stock, at cost Total Liabilities and Stockholders' Equity Additional Information 20x6 20x5 $ 323,000 190,000 $ 205,000 190,000 e (19,000). (30,000) 427,000 449,000 11,000 (22,000) 610,000 540,000 70,000 406,000 191,000 215,000 759,000 694,000 65,000 (195,000) 67,000 $2,568,000 (141,000) 70,000 $2,160,000 (54,000) (3,000) $ 400,000 $ 150,000 $ 150,000 $ 586,000 465,000 121,000 295,000 445,000 (150,000) 44,000 32,000 12,000 174,000 156,000 18,000 568,000 468,000 100,000 284,000 161,000 123,000 467,000 129,000 138,000 D (38,000) 38,000 $2,568,000 $2,168,000 $400,000 1. On January 20, 20X6. Primer Issued 10,000 shares of its common stock for land having a fair value of $215,000. 2. On February 5, 20X6, Primer reissued all of its treasury stock for $44,000 3. On May 15, 20X6, Primer paid a $64.000 cash dividend on its common stock. 4. On August 8, 20X6, Primer purchased equipment for $133,000 5. On September 30, 20X6. Primer sold equipment for $46,000. The equipment cost $68,000 and had a carrying amount of $40,000 on the date of sale. 6. On December 15, 20X6, Sore paid a cash dividend of $56,000 on its common stock. 7. Sore recognized goodwill impairment loss of $3,000 in 20x6 8. Deferred Income taxes represent temporary differences between book and tax bases of accounts receivable, marketable equity securities and plant and equipment. 9. Net Income for 20X6 was as follows: Consolidated net Incone Sore Corporation $238,800 117,800 < Prev 6 of 9 Next >