On January 1, 2017, Finch Corporation purchased 75% of te common stock of Grass Co. Separate balance sheet data for the companies at the combination date are given below:

Particulars	Finch	Grass
Cash	$24,000	$206,000
Accounts Receivable	144,000	26,000
Inventory	132,000	38,000
Land	68,000	32,000
Plant assets	700,000	300,000
Accum. Depreciation	(240,000)	(60,000)
Investment in Lapp	392,000
Total Assets	$1,320,000	$542,000
Accounts Payable	$206,000	$142,000
Capital Stock	800,000	300,000
Retained Earnings	224,000	100,000
Total liabilities & equities	$1,230,000	$542,000

At the date of combination, the book values of Grass's net assets were equal to the fair value except for Grass's inventory, which had a fair value of $60,000.

Determine below what the consolidated balance would be for each of the requested accounts.

1. What amount of inventory will be reported?

a. $170,000

b. 169,000

c. 186,500

d. 192,000

2. What amount of Goodwill will be reported?

a. 10,500

b. 20,000

c. 75,500

d. 100,667

3. What amount of total liabilities will be reported?

a. 206,000

b. 261,000

c. 302,500

d. 348,000

4. What is the reported amount for the minority interest?

a. 69,333

b. 100,000

c. 130,666

d. 150,000

5. What is the amout of consolidated Retained Earnings?

a. 224,000

b. 299,000

c. 324,000

d. 346,666

6. What is the amount of total assets?

a. 1,244,500

b. 1,380,000

c. 1,492,667

d. 1,762,000

(Please show work for all)