On January 1st 2019 Hulk Company and Spiderman Company had the following balance sheets
	Hulk Co.	Spiderman Co.
Cash	$500,000	$40,000
Accounts Receivable	$500,000	$10,000
Inventory	$500,000	$50,000
Equipment	$500,000	$100,000
Accumulated Depreciation (Equipment)	$100,000	$10,000
Building	$500,000	$100,000
Accumulated Depreciation (Building)	$100,000	$10,000
Total Assets	$2,300,000	$280,000
Accounts Payable	$100,000	$50,000
Common Stock $1 par	$2,000,000	$200,000
Additional Paid in Capital	$100,000	$10,000
Retained Earnings	$100,000	$20,000
On January 2nd Hulk Company acquired 75% of the outstanding stock of Spiderman Company by issuing (SELLING) 200,000 shares of its common stock when the stock was worth $6 per share at this time Spiderman's equipment is worth $110,000; its building is worth $190,000 and their customer list was worth $50,000. The building and equipment and building have a 10 year life with no salvage (AS OF 1/1/2019) and the customer list has a 5 year life.
						REQUIRED:
						A) Make the journal entry Hulk makes when it acquires the stock of Spiderman.
						B) Make the journal entry Spidermand makes when its stock is acquired by Hulk.
C) Make the necessary worksheet entries.
D) Prepare a consolidated balance sheet on January 2nd.