On December 31, 2018, A Company acquired controlling ownership of B Company. A consolidated balance sheet was prepared immediately. Partial balance sheet data for the two companies and the consolidated entity at that date follow:

A Company and B Company

Balance Sheet Data

December 31, 2018

A B Consolidated

Company Company Entity

Cash $56,000 $21,000 $77,000

Accounts Receivable 35,000 ? 54,600

Inventory 42,000 35,000 80,500

Buildings and Equipment 140,000 98,000 255,500

Less: Accum Depreciation (35,000) (19,600) (54,600)

Investment in B Co Stock ?

Goodwill 10,500

Total Assets $324,800 $161,000 $423,500

Accounts Payable $42,000 $22,400 $57,400

Wages Payable ? ? 54,600

Notes Payable 70,000 42,000 112,000

Common Stock 70,000 35,000 ?

Retained Earnings 107,800 42,000 ?

Noncontrolling Interest 21,700

Total Liabilities and Equities ? $161,000 $423,500

During 2018, A Company provided consulting services to B Company and has not yet paid for them. There were no other receivables or payables between the companies at December 31, 2018.

Based on the information given, A Company and B Company reported wages payable of

		$19,600 and $42,000 respectively.
		$28,000 and $24,500 respectively.
		$35,000 and $19,600 respectively.
		$42,000 and $22,400 respectively.