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Paula Company acquires 100% of the common stock o Shannon Company or $174,020 cash. On the acquisition date, Shannon's ledger sh ws Comm on Stock

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Paula Company acquires 100% of the common stock o Shannon Company or $174,020 cash. On the acquisition date, Shannon's ledger sh ws Comm on Stock $1 4 45 the worksheet for the following accounts: Paula-Investment in Shannon Common Stock, Shannon-Common Stock, and Shannon-Retained Earnings. and Retained Eaming SSS O Con pete Eliminations Shannon Company Consolidated Data Paula Company Dr Cr Investment in Shannon Common Stock Common Stock Retained Earnings

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