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On January 1, 2015, Peanut Corporation exchanged $4,000 cash for 1009% of the outstanding voting stock of Strikeout Corporation. Book value of net assets was

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On January 1, 2015, Peanut Corporation exchanged $4,000 cash for 1009% of the outstanding voting stock of Strikeout Corporation. Book value of net assets was equivalent to fair value, other than a building that was below fair value by $500 and $300 was assigned to goodwill in the acquisition. The building has a remaining useful life of 10 years. Complete the consolidation as of December 31, 2017. Consolidation Entries Consolidated Parent iary Debits Credits Totals Sales 7,000 3,000 10, 080 Cost of Goods Sold (4,650) (1,700) [1] Gross profit 2,350 1,300 Equity Income 140 [2] Operating Expenses (840) (1,110) [3] Net incomne 1.650 190 1 650 Retained earnings BOY 5,240 1,350 [4] Net income 1,650 190 [5] Dividends paid (560) (50) 50 1560 Retained earnings 6 330 1/420 Cash & receivables 1,600 2,000 [6] Equity Investment 3,640 [7] PP&E, net 7,090 3,490 [8] Goodwill [9] Total Assets 12 330 5/490 14 830 Liabilities 3,000 2,500 Common Stock 5,500 3,000 1,500 Retained earnings 6,330 1,490 [10]Cost of Goods Sold Gross profit 2,350 1,300 Equity Income 140 [2] Operating Expenses (840) (1,110) [3] Net income 1.650 190 1650 Retained earnings BOY 5,240 1,350 [4] Net income 1,650 190 [5] Dividends paid (560) (50) 50 (560) Retained earnings 6 330 1/490 Cash & receivables 2,000 [6] Equity Investment 3,640 [7] PP&E, net 7,090 3,490 [8] Goodwas [9] Total Assets 12 330 14 830 Liabilities 3,000 2,500 5,500 Common Stock 3,000 1.500 Retained earnings 6,330 1,490 [10] Total Liabblies & Equity 12.330 5/490 14 830 Provide the numerical amounts for each of the following, do not use "$" or ".XX" in your answers. For consolidated totals, if needs to be shown as "-" or "( )" please do so

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