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On June 30, 2019, Brown Corporation acquired 100% of the outstanding common stock of Page Company. On the date of the business combination, identifiable net

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On June 30, 2019, Brown Corporation acquired 100% of the outstanding common stock of Page Company. On the date of the business combination, identifiable net assets of Page with current fair values differing from carrying amounts were as follows: Current Fair Values $ 60,000 230,000 Inventories Plant assets (net) A. Prepare a Consolidated Balance Sheet for Brown and Subsidiary. Consolidated BROWN CORPORATION AND SUBSIDIARY Working Paper for Consolidated Balance Sheet June 30, 2019 Eliminations Brown Page Increase Corporation Company (Decrease) Inventories 60,000 30,000 Other current assets 140,000 110,000 Investment in Page Company common stock 200,000 Plant assets (net) 220,000 160,000 Goodwill 10.000 Total assets 630.000 300.000 Liabilities & Stockholders' Equity Current liabilities Bonds payable Common stock, $1 par Additional paid-in capital hMinority interest in net assets of subsidiary Retained earnings Total liabilities & stockholders' equity 100,000 104,000 200,000 66,000 70,000 30,000 80,000 70,000 160.000 50.000 630.000 300.000

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