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On June 30,2020 , Wisconsin, Inc., issued $444,550 in debt and 15,200 new shares of its $10 par value stock to Badger Company owners in
On June 30,2020 , Wisconsin, Inc., issued $444,550 in debt and 15,200 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): Wisconsin also paid $38,700 to a broker for arranging the transaction. In addition, Wisconsin paid $45,800 in stock issuance costs. Badger's equipment was actually worth $701,250, but its patented technology was valued at only $303,900. What are the consolidated balances for the following accounts? (Input all amounts as positive values) \begin{tabular}{|c|l|} \hline \multicolumn{1}{|c|}{ Accounts } \\ \hline a. & Net income \\ \hline b. & Retained earnings, 1/1/20 \\ \hline c. & Patented technology (net) \\ \hline d. & Goodwill \\ \hline e. & Liabilities \\ \hline f. & Common stock \\ \hline g. & Additional paid-in capital \\ \hline \end{tabular}
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