hlem 2-10 (LO3, 4, 5, 6, 7) 80% purchase goodsall worksheet. Use the rion for Parro's purchase of Saleen common stock Assume Dalto purchas information for Palto's purchase of Sa len common stock for $400,000 cash. The shares of the non controlling, inter each. Palco has the following balance sheet immediately after the pu worksheet. Use the preceding ne Palto purchases B0% of the oncontrolling interest have a fair diately after the purchase: value of $46 each. Palto has the follo Palto Company Balance Sheet January 1, 2015 Assets $ Liabilities and Equity Current liabilities .............. Bonds payable ... Common stock ($1 par... Paid in capital in excess of par.. Retained earnings ..... 80,000 200,000 20,000 180,000 546,000 Cash Accounts receivable .......... Inventory... Investment in Saleen .......... Land.......... Buildings ..... Accumulated depreciation ... Equipment ......... Accumulated depreciation ..... Total assets. ... $ 161,000 65,000 80,000 400,000 100,000 250,000 (80,000) 90,000 (40,000) $1,026,000 $1,026,000 ities and equity ..... Requi 1. Prepare the value analysis schedule and the determination and distribution of excess schedule for the investment in Saleen. solidated worksheet for at Company