Question 3 (12 Points) balance sheet was prepared immediately. Partial balance sheet data for the two companies and the acquired controlling ownership of Y consolidated entity at that date follow: X Company and Y Company Balance Sheet Data December 31, 2008 X Y Consolidated Cash Company Company $80,000 $30,000 Entity $110,000 Accounts Receivable 50,000 ? Inventory 60,000 50,000 78,000 115,000 Buildings and Equipment 200,000 140,000 365,000 Less: Accumulated Depreciation (50,000) (28,000) (78,000) Investment in Y Company Stock Goodwill Total Assets $464,000 $230,000 15,000 $605,000 Accounts Payable $60,000 $32,000 $82,000 Wages Payable ? 78,000 Notes Payable 100,000 60,000 160,000 Common Stock 100,000 50,000 Retained Earnings 154,000 60,000 Noncontrolling Interest Total Liabilities and Equity ? $230,000 31,000 $605,000 During 20X8, X Company provided consulting services to Y Company and has not yet been paid for them. There were no other receivables or payables between the companies at December 31, 20X8. The following six questions are based on the above information. In answering each question, clear calculations must be shown. (a) (2 Points) What is the amount of unpaid consulting services at December 31, 20X8, on work done by X Company for Y Company? (b) (2 Points) What balance in accounts receivable did Y Company report at December 31, 20X87 (e) (2 Points) What were the wages payable reported by each company (X Company and Y Company)? (d) (2 Points) what was the fair value of Y Company as a whole at the date of acquisition? (e) (2 Points) What percentage of Y Company's shares were acquired by X Company? (f) (2 Points) What amount will be reported as total controlling interest in the consolidatedi balance sheet?