Plug Motors accountant was called away after completing only half of the consolidated statements at the end of 20X4. The data left behind included the following: Item Plug Motors Spark Body Shop Consolidated Cash $ 40,900 $ 19,300 $ 60,200 Accounts Receivable 187,000 31,000 209,500 Inventory 224,000 53,600 277,600 Buildings and Equipment (net) 306,000 289,000 595,000 Investment in Spark Body Shop 154,000 Total Debits $ 911,900 $ 392,900 $ 1,142,300 Accounts Payable $ 31,400 $ 39,900 Notes Payable 399,000 199,000 Common Stock 195,000 100,000 Retained Earnings 286,500 54,000 Total Credits $ 911,900 $ 392,900

Required:

a. Plug Motors acquired shares of Spark Body Shop at underlying book value on January 1, 20X1. What portion of the ownership of Spark Body Shop does Plug apparently hold?

Ownership of Spark

%

b. Compute the consolidated totals for each of the remaining balance sheet items.

Accounts Payable
Notes Payable
Common Stock
Retained Earnings