Please complete parts A and B please. Thank you!

Given Data P05-31: Stinson Company outstanding stock purchased by Mollroy, Inc. on 1114 Cash paid for Stinson stock Stinson's book value at time of purchase 60% $ 372,000 % 100,000 $ 220,000 $ 248,000 70,000 Common stock Retained earnings Acquisition-date fair value of noncontrolling interest Undervaluation of Stinson's patents (10-ye ar remaining life) 45,000. value of Stinson's unrecorded customer list (15-year remaining life) Intra-entity inventory sales: Ending Transfer Balance Cost of Price (at Transfer Year Mellro to Stinson Price) 2014 2015 20,000 112,000 150,000 60,000 50,000 40,000 3 Individual financial statements as of December 31, 2015: Mcllrog. Stinson, Inc Inc ales go0sinson 27 Cost of goods sold 28 Operating expenses $ (700,000) 1335,000) 205,000 70,000 460,000 188,000 28,000 29 Equity in earnings in Stinson 30 Net income $ (80,000] $(60,000 31 $1695,000) (280,000) 32 Retained earnings, 1r115 33 Net income 34 Dividends paid 35 Retained earnings, 1213115 36 37 Cash and receivables 38 Inventory 39 Investment in Stinson 40 Buildings fnet (80,000) (60,000) 45,00015,000 $248,000 148,000 233,000 411,000 308,000 202,000 129,000