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PLEASE USE EXCEL AND SHOW YOUR WORK :) 27. On June 30, 2023, Wisconsin, Inc., issued $300,000 in debt and 15,000 new shares of its

PLEASE USE EXCEL AND SHOW YOUR WORK :) image text in transcribed
27. On June 30, 2023, Wisconsin, Inc., issued $300,000 in debt and 15,000 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, 2023, were as follows (credit balances in parentheses): Wisconsin also paid $30.000 to a broker for arranging the transaction. In addition, Wisconsin paid $40,000 in stock issuance costs. Badger's equipment was actually worth $700,000, but its patented technology was valued at only $280,000. What are the consolidated balances for the following accounts? a. Net income b. Retained earnings, 1/1/23 c. Patented technology d. Goodwill e. Liabilities f. Common stock g. Additional paid-in capital

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