Pool Company purchased 90% of the outstanding common stock of Spruce Company on December 31, 2014, for cash. At that time the balance sheet of Spruce Company was as follows: Current assets Plant and equipment Land Total assets $1.123,900 976,700 163,170 $2.263.770 Liabilities $847.960 Common stock $20 par value 849,200 Other contributed capital 459.020 Retained earnings 211,390 Total 2.367,570 Less treasury stock at cost.5.190 shares 103,800 Tobal equities $2.263.770