Pretzel Corporation acquired 100 percent of Stick Company's outstanding shares on January 1, 20X7. Balance sheet data for the two companies immediately after the purchase follow: Pretzel Corporation Stick Company Cash $ 86,000 $ 25,000 Accounts Receivable 92,000 58,000 Inventory 93,000 89,000 Buildings and Equipment 414,000 287,000 Less: Accumulated Depreciation (140,000) (94,000) Investment in Stick Company 324,000 Investment in Stick Company Bonds 53,000 Total Assets $ 922,000 $ 365,000 Accounts Payable $ 53,000 $ 28,000 Bonds Payable 184,000 115,000 Common Stock 281,000 153,000 Capital in Excess of Par 143,000 Retained Earnings 404,000 (74,000) Total Liabilities and Equities $ 922,000 $ 365,000