Marshall Company Book Value				Tucker Company Book Value
Cash	$	88,500			$	22,000
Receivables		325,000				168,000
Inventory		416,000				237,000
Land		214,000				256,000
Buildings (net)		473,000				284,000
Equipment (net)		242,000				50,700
Accounts payable		(191,000	)			(55,500	)
Long-term liabilities		(529,000	)			(350,000	)
Common stock$1 par value		(110,000	)
Common stock$20 par value						(120,000	)
Additional paid-in capital		(360,000	)			0
Retained earnings, 1/1/18		(568,500	)			(492,200	)

Note: Parentheses indicate a credit balance.

In Marshalls appraisal of Tucker, it deemed three accounts to be undervalued on the subsidiarys books: Inventory by $9,900, Land by $20,400, and Buildings by $28,400. Marshall plans to maintain Tuckers separate legal identity and to operate Tucker as a wholly owned subsidiary.

Determine the amounts that Marshall Company would report in its postacquisition balance sheet. In preparing the postacquisition balance sheet, any required adjustments to income accounts from the acquisition should be closed to Marshalls retained earnings. Other accounts will also need to be added or adjusted to reflect the journal entries Marshall prepared in recording the acquisition.

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	Consolidated Totals
Cash
Receivables
Inventory
Land
Buildings (net)
Equipment (net)
Total assets	$0
Accounts payable
Long-term liabilities
Common stock
Additional paid-in capital
Retained earnings
Total liabilities and equities	$

To verify the answers found in part (a), prepare a worksheet to consolidate the balance sheets of these two companies as of January 1, 2018. (For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet.)