Revenues $ (584,000 ) $ (248,000 ) Cost of goods sold 298,000 112,000 Depreciation expense 106,000 58,000 Investment income NA NA Retained earnings, 1/1/21 (896,000 ) (590,000 ) Dividends declared 134,000 44,000 Current assets 210,000 676,000 Land 316,000 84,000 Buildings (net) 510,000 128,000 Equipment (net) 208,000 256,000 Liabilities (412,000 ) (320,000 ) Common stock (288,000 ) (44,000 ) Additional paid-in capital (46,000 ) (938,000 ) Assume that Mergaronite acquired Hill on January 1, 2017, by issuing 7,200 shares of common stock having a par value of $10 per share