Mimies Chapter 4 Multiple Choice, 016-6220 Use the following information for the nextthree questions Power Company acquired all of Soft Corporation's stock on January 1, 2019 for $75,000 cash On December 31, 2021, the trial balances of the two companies were as follows: Power Son dr cr dr cr Cash Accounts Receivable Land Buildings and Equipment Investment in Sof Corp. Cost of Services Provided Depreciation Expense Other Expenses Dividends Declared Accumulated Depreciation Accounts Payable Taxes Payable Notes Payable Common Stock Retained Earnings Service Revenue Income from Subsidiary $ 45.000 $ 29,000 48,500 27.500 40,000 22.500 150.000 100,000 90.000 70,000 37.500 15.000 10,000 35,000 17.500 20.000 10,000 $ 90.000 550.000 21,000 9,000 10.000 10.000 37,500 25.000 50.000 25.000 132.500 45,000 150,000 90.000 22.500 5513,500 $513,500 $254.000 5254.000 Son Corporation reported retained earnings of $37,500 at the date of acquisition. The difference between the acquisition price and underlying book value is assigned to buildings and equipment with a remaining economic life of five years from the date of acquisition. At December 31, 2021. Soft owed Power $2,000 for services provided Based on the preceding information, what amount will be reported as total assets in the consolidated balance sheet for 2021? Based on the preceding information, what amount will be reported for total accounts payable in the consolidated bakince sheet for the year 2021? (21,000+ 9,000) - 2000-$20,000 Based on the preceding information, what amount of total retained earnings will be reported in the consolidated balance sheet for the year 2021