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On June 30, 2015, Wisconsin, Inc., issued $200,200 in debt and 19,300 new shares of its $10 par value stock to Badger Company owners in

On June 30, 2015, Wisconsin, Inc., issued $200,200 in debt and 19,300 new shares of its $10 par value stock to Badger Company owners in exchange for all of the outstanding shares of that company. Wisconsin shares had a fair value of $40 per share. Prior to the combination, the financial statements for Wisconsin and Badger for the six-month period ending June 30, 2015, were as follows:

Wisconsin Badger
Revenues $ (1,050,000 ) $ (402,000)
Expenses 732,000 293,000

Net income $ (318,000 ) $ (109,000)

Retained earnings, 1/1 $ (810,000 ) $ (223,000)
Net income (318,000 ) (109,000)
Dividends declared 103,000 0

Retained earnings, 6/30 $ (1,025,000 ) $ (332,000)

Cash $ 72,000 $ 86,000
Receivables and inventory 460,000 252,000
Patented technology (net) 928,000 328,000
Equipment (net) 726,000 648,000

Total assets $ 2,186,000 $ 1,314,000

Liabilities $ (531,000 ) $ (512,000)
Common stock (360,000 ) (200,000)
Additional paid-in capital (270,000 ) (270,000)
Retained earnings (1,025,000 ) (332,000)

Total liabilities and equities $ (2,186,000 ) $ (1,314,000)

Note: Parentheses indicate a credit balance.

Wisconsin also paid $36,200 to a broker for arranging the transaction. In addition, Wisconsin paid $47,800 in stock issuance costs. Badgers equipment was actually worth $780,000, but its patented technology was valued at only $299,200.

What are the consolidated balances for the following accounts? (Input all amounts as positive values.)

Net Income 281,800

Retained Earnings 1/1/15 810,000

Patented Technology 1,227,200

Goodwill

Liabilities 1,243,200

Common Stock 553,000

Additional Paid-In Capital 801,200

Looking for consolidated balance for Goodwill, Homework answer matches the other amounts.

Thank You

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