Problem 2-26 (LO 2-4, 2-5, 2-6b, 2-7) On June 30, 2017, Wisconsin, Inc., issued $279,150 in debt and 19,200 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, 2017, were as follows: Wisconsin Badger Revenues $ (991, 000) $ (347, 000) Expenses 729,000 245, 000 Net income Retained earnings, 1/1 Net income Dividends declared (262, 000) (828, 000) (262,000) (102, 000) (290, 000) (102,000) $ 97,000 $ (993, 000) $ (392, 000) Retained earnings, 6/30 Cash Receivables and inventory Patented technology (net) Equipment (net 69,000 454, 000 951,000 705, 000 147,000 236,000 305, 000 634,000 $ 2,179,000 $ (556, 000) 1,322,000 $ (460, 000) Total assets Liabilities Common stock Additional paid-in capital Retained earnings (360, 000) (270, 000) 993,000) (200, 000) (270, 000) 392,000) Total liabilities and equitiers $ (2,179, 000) (1,322, 000) Wisconsin also paid $36,800 to a broker for arranging the transaction. In addition, Wisconsin pald $46,200 in stock issuance costs. Badger's equipment was actually worth $784,750, but its patented technology was valued at only $277,200 What are the consolidated balances for the following accounts? (Input all amounts as positive values) Problem 2-26 (LO 2-4, 2-5, 2-6b, 2-7) On June 30, 2017, Wisconsin, Inc., issued $279,150 in debt and 19,200 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, 2017, were as follows: Wisconsin Badger Revenues $ (991, 000) $ (347, 000) Expenses 729,000 245, 000 Net income Retained earnings, 1/1 Net income Dividends declared (262, 000) (828, 000) (262,000) (102, 000) (290, 000) (102,000) $ 97,000 $ (993, 000) $ (392, 000) Retained earnings, 6/30 Cash Receivables and inventory Patented technology (net) Equipment (net 69,000 454, 000 951,000 705, 000 147,000 236,000 305, 000 634,000 $ 2,179,000 $ (556, 000) 1,322,000 $ (460, 000) Total assets Liabilities Common stock Additional paid-in capital Retained earnings (360, 000) (270, 000) 993,000) (200, 000) (270, 000) 392,000) Total liabilities and equitiers $ (2,179, 000) (1,322, 000) Wisconsin also paid $36,800 to a broker for arranging the transaction. In addition, Wisconsin pald $46,200 in stock issuance costs. Badger's equipment was actually worth $784,750, but its patented technology was valued at only $277,200 What are the consolidated balances for the following accounts? (Input all amounts as positive values)
