I have attached two questions, please help solve the attached two questions.

5/15/2016 Unit 2 Chapter 2 Homework Assignment Monique Jemison Advanced Accounting I: Advanced Accounting I Mod 5 2016 1 Unit 2 - Chapter 2 Homework Assignment 3. instructions | help value: 10.00 points Allerton Company acquires all of Deluxe Company's assets and liabilities for cash on January 1, 2015, and subsequently formally dissolves Deluxe. At the acquisition date, the following book and fair values were available for the Deluxe Company accounts: Current assets Building Land Trademark Goodwill Liabilities Common stock Retained earnings Book Fair Values Values $ 50,000 $ 50,000 94,250 53,050 21,750 41,550 0 35,800 22,000 ? (53,000) (53,000) (100,000) (35,000) Prepare Allerton's entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) (1) $162,000. view transaction list view general journal Journal Entry Worksheet 1 Record the acquisition method entry for merger with Deluxe Company. Transaction General Journal Debit Credit 1 *Enter debits before credits done clear entry record entry (2) $115,000. http://ezto.mheducation.com/hm.tpx 1/2 5/15/2016 Unit 2 Chapter 2 Homework Assignment view transaction list view general journal Journal Entry Worksheet 1 Record the acquisition entry for the bargain purchase under the acquisition method with Deluxe Company. Transaction General Journal Debit Credit 1 *Enter debits before credits done clear entry record entry eBook & Resources eBook: Acquisition Method When Dissolution Takes Place eBook: Acquisition Method When Dissolution Takes Place eBook: Financial Reporting for Business Combinations Check my work 2016 McGraw-Hill Education. All rights reserved. http://ezto.mheducation.com/hm.tpx 2/2 5/15/2016 Unit 2 Chapter 2 Homework Assignment Advanced Accounting I: Advanced Accounting I Mod 5 2016 1 Unit 2 - Chapter 2 Homework Assignment 2. Monique Jemison instructions | help value: 10.00 points On June 30, 2015, Wisconsin, Inc., issued $137,250 in debt and 22,300 new shares of its $10 par value stock to Badger Company owners in exchange for all of the outstanding shares of that company. Wisconsin shares had a fair value of $40 per share. Prior to the combination, the financial statements for Wisconsin and Badger for the sixmonth period ending June 30, 2015, were as follows: Revenues Expenses Net income Retained earnings, 1/1 Net income Dividends declared Retained earnings, 6/30 Cash Receivables and inventory Patented technology (net) Equipment (net) Total assets Liabilities Common stock Additional paidin capital Retained earnings Total liabilities and equities Wisconsin Badger $ (983,000) $ (477,000) 673,000 293,000 $ (310,000) $ (184,000) $ (849,000) $ (310,000) 92,500 (238,000) (184,000) 0 $(1,066,500) $ (422,000) $ 170,500 452,000 917,000 745,000 $ 165,000 211,000 398,000 617,000 $ 2,284,500 $ 1,391,000 $ (588,000) $ (360,000) (270,000) (1,066,500) (499,000) (200,000) (270,000) (422,000) $(2,284,500) $ (1,391,000) Note: Parentheses indicate a credit balance. Wisconsin also paid $32,000 to a broker for arranging the transaction. In addition, Wisconsin paid $42,600 in stock issuance costs. Badger's equipment was actually worth $728,750, but its patented technology was valued at only $371,900. What are the consolidated balances for the following accounts? (Input all amounts as positive values.) http://ezto.mheducation.com/hm.tpx?_=0.8093414872500303_1463317563547 1/2 5/15/2016 Unit 2 Chapter 2 Homework Assignment Accounts Amounts a. Net income. b. Retained earnings, 1/1/15. c. Patented technology. d. Goodwill. e. Liabilities. f. Common stock. g. Additional paidin capital. eBook & Resources eBook: Acquisition Method When Dissolution Takes Place eBook: Acquisition Method When Dissolution Takes Place eBook: Financial Reporting for Business Combinations eBook: The Acquisition Method When Separate Incorporation Is Maintained Check my work 2016 McGraw-Hill Education. All rights reserved. http://ezto.mheducation.com/hm.tpx?_=0.8093414872500303_1463317563547 2/2