Problem 4-7 Price Company purchased 90% of the outstanding common stock of Score Company on January 1, 2011, for $454,320. At that time, Score Company had stockholders' equity consisting of common stock, $199,200; other contributed capital, $157,300; and retained earnings, $88,900. On December 31, 2015, trial balances for Price Company and Score Company were as follows: ce re $108,700 $79,200 92,900 Cash Accounts Receivable Note Receivable Inventory Investment in Score Company Plant and Equipment Land Dividends Declared Cost of Goods Sold Other Expenses 167,800 75,000 454,320 157,600 314,300 159,100 957,200 411,900 69,300 49,000 837,200 244,000 250,800 124,500 $3,393,220 $1,229,900 70,300 Total Debits Accounts Payable Notes Payable Common Stock Other Contributed Capital Retained Earnings, 1/1 Sales Dividend and Interest Income $133,000 $46,300 294,500 122,300 493,400 199,200 260,400 157,300 692,400 208,300 1,467,920 496,500 51,600 Total Credits $3,393,220 $1,229,900 Price Company's note receivable is receivable from Score Company. Interest of $7,500 was paid by Score to Price during 2015. Any difference between book value and the value implied by the purchase price relates to goodwill