Pool Industries paid $540,000 to purchase 75% of the outstanding stock of Swimmin Corporation, on December 31, 2014. Any excess fair value over the identified assets and liabilities is attributed to goodwill. The following year-end information was available just before the purchase: Pool Swimmin Swimmin Book Book Fair Value Value Value Cash $756,000 $80,000 $80,000 Accounts receivable 260,000 152,000 152,000 Inventory 480,000 100,000 120,000 Land 440,000 160,000 140,000 Plant and equipment-net 1,320,000 400,000 430,000 $3,256,000 $892,000 $922,000 Accounts payable $880,000 $22,000 $22,000 Bonds payable 936,000 200,000 180,000 Capital stock, $10 par value 400,000 Capital stock, $15 par value 450,000 Additional paid-in capital 400,000 160,000 Retained earnings 640,000 60,000 $3,256,000 $892,000 Prepare Pool's consolidated balance sheet on December 31, 2014.

Pool Industries paid $540,000 to purchase 75% of the outstanding stock of Swimmin' Corporation, on December 31, 2014. Any excess fair value over the identified assets and liabilities is attributed to goodwill. The following year-end information was available just before the purchase: Cash Accounts receivable Inventory Land Plant and equipment-net Pool Swimmin' Swimmin' Book Book Fair Value Value Value $756,000 $80,000 $80,000 260,000 152,000 152,000 480,000 100,000 120,000 440,000 160,000 140,000 1,320,000 400,000 430,000 $3,256,000 $892,000 $922,000 $880,000 936,000 400,000 $22,000 200,000 $22,000 180,000 Accounts payable Bonds payable Capital stock, $10 par value Capital stock, $15 par value Additional paid-in capital Retained earnings 400,000 640,000 $3,256,000 450,000 160,000 60,000 $892,000 Prepare Pool's consolidated balance sheet on December 31, 2014