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On June 30, 2020, Wisconsin, Inc., issued $108,650 in debt and 24,200 new shares of its $10 par value stock to Badger Company owners in
On June 30, 2020, Wisconsin, Inc., issued $108,650 in debt and 24,200 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, 2020, were as follows (credit balances in parentheses): Revenues Expenses Net income Retained earnings, 1/1 Net income Dividends declared Retained earnings, 6/30 Cash Receivables and inventory Patented technology (net) Equipment (net) Total assets Liabilities Common stock Additional paid-in capital Retained earnings Total liabilities and equities $ (274,000) $ (842,000) (274,000) Wisconsin $ (1,018,000) 744,000 Badger $ (378,000) 253,000 $ (125,000) $ (282,000) (125,000) 104,500 $(1,011,500) 0 $ (407,000) $ 39,500 $ 158,000 469,000 267,000 903,000 308,000 782,000 $ 2,193,500 $ (552,000) (360,000) (270,000) (1,011,500) $(2,193,500) 611,000 $ 1,344,000 $ (467,000) (200,000) (270,000) (407,000) $(1,344,000) Wisconsin also paid $32,800 to a broker for arranging the transaction. In addition, Wisconsin paid $43,200 in stock issuance costs. Badger's equipment was actually worth $769,250, but its patented technology was valued at only $282,200. What are the consolidated balances for the following accounts? (Input all amounts as positive values)
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