Scott Company acquires 100% of the stock of Mahl Corporation on January 1, 2014, for $1, 140,000 cash. As of that date Mahl had the following account balances: Book Value Fair value Cash $150,000 Accounts receivable 180,000 Inventory 240.000 5 270,000 Building-net (10 year life) 450.000 360,000 Equipment-net (5 year life) 300,000 375,000 Land 270,000 390,000 Accounts Payable 120,000 Bonds Payable ($500,000 face value) 500,000 (Due 12/31/17) 510,000 Common stock 300.000 Additional paid-in capital 180,000 Retained earnings 450,000 In 2014 and 2015, Mahl had net income of $30,000 and 36,000, respectively. In addition, Mahl paid dividends of $9,000 in both years. Inventory is assumed to be sold in 2014.Topic: Consolidated Assets after Acquisition LO: 2 27. What amount of Mahl's building would be included on the consolidated balance sheet at December 31, 2014? a. $324,000 b $405,000 C. $450,000 d. $360,000 Answer: a Topic: Consolidated Assets after Acquisition LO: 2 28. What amount of Mahl's equipment would be included on the consolidated balance sheet at December 31, 2014? a. $300,000 b. $ 75,000 C. $375,000 d. $675,000 Answer: a Topic: Asset Amortization after Acquisition LO: 2 29. Compute AAP amortization for 2014. a. $43,500 b. $13,500 C. $28,500 d. $61,500 Answer: a