On December 31, 20X8, Pancake Company acquired controlling ownership of Syrup Company. A consolidated balance sheet was prepared immediately. Partial balance sheet data for the two companies and the consolidated entity at that date follow:

	Pancake Company	Syrup Company	Consolidated Entity
Cash	$ 80,000	$ 30,000	$ 110,000
Accounts Receivable	50,000	?	78,000
Inventory	60,000	50,000	115,000
Buildings and Equipment	200,000	140,000	365,000
Less: Accumulated Depreciation	(50,000)	(28,000)	(78,000)
Investment in Syrup Stock	?
Goodwill			15,000
Total Assets	$ 464,000	$ 230,000	$ 605,000
Accounts Payable	$ 60,000	$ 32,000	$ 82,000
Wages Payable	?	?	78,000
Notes Payable	100,000	60,000	160,000
Common Stock	100,000	50,000	?
Retained Earnings	154,000	60,000	?
Noncontrolling Interest			31,000
Total Liabilities and Equities	?	$ 230,000	$ 605,000

During 20X8, Pancake Company provided consulting services to Syrup Company and has not yet paid for them. There were no other receivables or payables between the companies at December 31, 20X8.

Based on the information given, what is the amount of unpaid consulting services at December 31, 20X8, on work done by Pancake Company for Syrup Company?

1) Based on the information given, what is the amount of unpaid consulting services at December 31, 20X8, on work done by Pancake Company for Syrup Company?

A. $0

B. $10,000

C. $5,000

D. $15,000

2) Based on the information given, what balance in accounts receivable did Syrup Company report at December 31, 20X8?

A. $28,000

B. $48,000

C. $40,000

D. $38,000

3) Based on the information given, Pancake Company and Syrup Company reported wages payable of

A. $50,000 and $28,000, respectively.

B. $60,000 and $32,000, respectively.

C. $40,000 and $35,000, respectively.

D. $28,000 and $60,000, respectively.

4) Based on the information given, what was the fair value of Syrup Company as a whole at the date of acquisition?

A. $155,000

B. $110,000

C. $115,000

D. $135,000

5) Based on the information given, what percentage of Syrup Company's shares were acquired by Pancake Company?

A. 100 percent

B. 60 percent

C. 80 percent

D. 75 percent

6) Based on the information given, what amount will be reported as total controlling interest in the consolidated balance sheet?

A. $254,000

B. $285,000

C. $364,000

D. $395,000

Please show work. Thanks!