Richland Company acquires Seameyer, Inc., by issuing 20,000 shares of $1 par common stock with a market price of $25 per share on the acquisition date and paying $100,000 cash.The assets and liabilities on Seameyer's balance sheet were valued at fair values except equipment that was undervalued by $175,000. There was also an unrecorded patent valued at $32,500, as well as an unrecorded trademark valued at $80,000.In addition, the agreement provided for additional consideration, valued at $60,000, if certain earnings targets were met.

The pre-acquisition balance sheets for the two companies at acquisition date are presented below.

	Richland	Seameyer
Cash	$130,550	$17,300
Accounts receivable	64,000	116,000
Inventory	97,000	149,000
Property, plant, and equipment	1,611,050	179,350
	$1,902,600	$461,650
Accounts payable	$31,350	$ 21,150
Salaries and taxes payable	24,530	36,800
Notes payable	550,000	100,000
Common stock	110,000	30,000
Additional paid-in capital	850,000	37,500
Retained earnings	336,720	236,200
	$1,902,600	$461,650

1.Compute the consolidated balance in Cash.

2. Compute consolidated common stock.

3.Compute consolidated additional paid-in capital.

What amount of goodwill was recorded in the acquisition?

What amount of goodwill was recorded in the acquisition?

What amount of goodwill was recorded in the acquisition?

What amount of goodwill was recorded in the acquisition?

What amount of goodwill was recorded in the acquisition?

What amount of goodwill was recorded in the acquisition?

What amount of goodwill was recorded in the acquisition?

What amount of goodwill was recorded in the acquisition?