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Park acquired all of Spark's common stock for $10,000,000 cash and 4,100,000 shares of Park's $2 par common stock which had a $5 market price

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Park acquired all of Spark's common stock for $10,000,000 cash and 4,100,000 shares of Park's $2 par common stock which had a $5 market price at the date of the purchase. Park paid $100,000 in stock registration costs related to the stock it issued and $50,000 in accounting and valuation fees. Account Park Book Values after acquisition Spark Book Values Cash $6,000,000 $300,000 Inventory $25,000,000 $2,000,000 Property, net $150,000,000 $10,000,000 Trademark $1,000,000 $0 Investment in Spark $34,600,000 Total Assets $216,600,000 $12,300,000 Current Liabilities $8,000,000 $250,000 Long-term liabilities $50,000,000 $0 Capital Stock $20,000,000 $2,000,000 Add. Paid In Capital $30,000,000 $0 Retained Earnings $103,500,000 $10,000,000 Acc. Other Comp. Income $5,100,000 $200,000 Treasury Stock ($150,000) Total Liabilities and Owners Eq. $216,600,000 $12,300,000 Assume that you are preparing a consolidation worksheet at the date of acquisition, what will be the balances in the consolidated financials column after you have completed the consolidation worksheet? Cash Property, net Investment in Spark Total Assets Current Liabilities Capital Stock Retained Earnings Acc. other comprehensive income Treasury stock Park acquired all of Spark's common stock for $10,000,000 cash and 4,100,000 shares of Park's $2 par common stock which had a $5 market price at the date of the purchase. Park paid $100,000 in stock registration costs related to the stock it issued and $50,000 in accounting and valuation fees. Account Park Book Values after acquisition Spark Book Values Cash $6,000,000 $300,000 Inventory $25,000,000 $2,000,000 Property, net $150,000,000 $10,000,000 Trademark $1,000,000 $0 Investment in Spark $34,600,000 Total Assets $216,600,000 $12,300,000 Current Liabilities $8,000,000 $250,000 Long-term liabilities $50,000,000 $0 Capital Stock $20,000,000 $2,000,000 Add. Paid In Capital $30,000,000 $0 Retained Earnings $103,500,000 $10,000,000 Acc. Other Comp. Income $5,100,000 $200,000 Treasury Stock ($150,000) Total Liabilities and Owners Eq. $216,600,000 $12,300,000 Assume that you are preparing a consolidation worksheet at the date of acquisition, what will be the balances in the consolidated financials column after you have completed the consolidation worksheet? Cash Property, net Investment in Spark Total Assets Current Liabilities Capital Stock Retained Earnings Acc. other comprehensive income Treasury stock

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