Questionn 8

On June 30, 2020, Wisconsin, Inc., issued $392,500 in debt and 15,400 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, 2020, were as follows (credit balances in parentheses):

	Wisconsin				Badger
Revenues	$	(1,023,000	)		$	(305,000	)
Expenses		692,000				202,000
Net income	$	(331,000	)		$	(103,000	)
Retained earnings, 1/1	$	(813,000	)		$	(294,000	)
Net income		(331,000	)			(103,000	)
Dividends declared		108,500				0
Retained earnings, 6/30	$	(1,035,500	)		$	(397,000	)
Cash	$	102,500			$	100,000
Receivables and inventory		419,000				159,000
Patented technology (net)		948,000				354,000
Equipment (net)		771,000				697,000
Total assets	$	2,240,500			$	1,310,000
Liabilities	$	(575,000	)		$	(443,000	)
Common stock		(360,000	)			(200,000	)
Additional paid-in capital		(270,000	)			(270,000	)
Retained earnings		(1,035,500	)			(397,000	)
Total liabilities and equities	$	(2,240,500	)		$	(1,310,000	)

Wisconsin also paid $31,700 to a broker for arranging the transaction. In addition, Wisconsin paid $49,200 in stock issuance costs. Badgers equipment was actually worth $800,500, but its patented technology was valued at only $326,000.

What are the consolidated balances for the following accounts? (Input all amounts as positive values)

a.Net income

b.Retained earnings, 1/1/20

c.Patented technology (net)

d.Goodwill

e.Liabilities

f.Common stock

g.Additional paid-in capital