Question 1b

Company's common stock for $124,000. Immediately after the stock acquistion, the statements of financial position of Coronado and Whispering appeared as follows: Question 1 Module 3 Assets Cash Accounts Receivable Inventory Investment in Whispering Co Plant Assets ACC Dep. Total Coronado Whispering 5 5 $ 28,620.00 25,000.00 5 124,000.00 $ 144,750.00$ 107,510.00 5 (56,310.00)$ (19,510.00) 5 350,270.00$ 158,790.00 Liabilities and Owners Equity Current Liabilities Mortgage notes Payable Common Stock 10p parvalue Other Contributed Capital Retained Earnings Total 5 5 5 5 5 5 17,080.00$ 40,190.00 111,980.00$ 126,260.00$ 54,760.00$ 350,270.00$ 26,620.00 102,600.00 16,790.00 12,780.00 158,790.00 Calculate the percentage of Whispering acquired by Coronado Co Precentage Parent 1 2 3 4 5 6 7 8 9 Question 1 module 3