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On January 1, 2018, Adora Inc. acquired 80% of the outstanding voting common stock of Alvah Inc. for $364,000. There is no active market for

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On January 1, 2018, Adora Inc. acquired 80% of the outstanding voting common stock of Alvah Inc. for $364,000. There is no active market for Strong's stock. Of this payment, $28,000 was allocated to equipment (with a five-year life) that had been undervalued on Alvah's books by $35,000. Any remaining excess was attributable to goodwill, which has not been impaired As of December 31, 2018, before preparing the consolidated worksheet, the financial statements appeared as follows: Adora Inc. Revenues Alvah Inc. $280,000 Cost of goods sold 420,000 (196.000) (112.000) (28,000) (14,000) Operating expenses Net income 196,000) $154,000 S210,000 Retained earnings, 1/1/18 Net income (above) Dividends paid 420,000 196,000 154,000 0 0 Retained earnings, 12/31/18 616,000 S364,000 S 294,000 Cash and receivables Inventory $126.000 210,000 154,000 Investment in Strong Corp Equipment (net) 364,000 616,000 420,000 Total assets $1,484,000 $700,000 Liabilities $ 588,000 196,000 Common stock 280,000 140,000 Retained earnings, 12/31/18 (above) 616,000 364,000 Total liabilities and stockholders' equity $1.484,000 $700,000 During 2018, Adora bought inventory for $112,000 and sold it to Alyah for $140,000 Only half of the inventory purchase price had been remitted to Adora by Alvah at year-end. As of December 31, 2018, 60% of these goods remained in the company's possession. A) What is the total of consolidated revenues? B) What is the total of consolidated operating expenses? C) What is the total of consolidated cost of goods sold? D) What is the consolidated total of noncontrolling intet appearing in the balance sheet? E) What is the consolidated total for equipment (net) at December 31, 2018? $ $ 21:05 $

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