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On June 30, 2017, Wisconsin, Inc., issued $267,350 in debt and 18,400 new shares of its $10 par value stock to Badger Company owners in
On June 30, 2017, Wisconsin, Inc., issued $267,350 in debt and 18,400 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, 2017, were as follows Wisconsin Badger s(985,000) 720,000 (265,000) (339,000) 201,000 (138,000) s (208,000) (138,000) Revenues Expenses Net income Retained earnings, 1/1 Net income Dividends declared (843,000) (265,000) 106,250 (1,001, 750) 0 s (346,000) Retained earnings, 6/30 Cash Receivables and inventory Patented technology Equipment (net) $ 59,000 $ 110,750 433,000 929,000 727,000 $2,199,750 180,000 372,000 619,000 (net) $1,230,000 Total assets Liabilities Common stock Additional paid-in capital Retained earningS $ (568, 000) (360,000) (270,000) (414,000) (200,000) (270,000) 346,000) (1,001,750 Total liabilities and equities s (2,199,750) $(1,230,000) Wisconsin also paid $30,800 to a broker for arranging the transaction. In addition, Wisconsin paid $43,100 in stock issuance costs Badger's equipment was actually worth $765,250, but its patented technology was valued at only $350,700 What are the consolidated balances for the following accounts? (Input all amounts as positive values)
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