The consolidated balance sheet of Treecreeper Corporation and Ants Farm, its 90% owned subsidiary, as of December 31, 2005, contains the following accounts and balances:
							Treecreeper Corporation and Subsidiary
Consolidated Balance Sheet
at December 31, 2005
		Balances
Cash	$	19,000
Accounts receivable-net		70,000
Inventories		110,000
Other current assets		85,000
Plant assets-net		290,000
Goodwill from consolidation		39,000
	$	613,000
Accounts payable	$	73,000
Other liabilities		70,000
Capital stock		350,000
Retained earnings		80,000
Minority interest		40,000
	$	613,000
Treecreeper Corporation acquired its 90% interest in Ants Farm on January 1, 2005, when Ants Farm had $150,000 of Capital Stock and $70,000 of Retained Earnings. Ants Farms net assets had fair values equal to their book values when Treecreeper acquired its interest. No changes have occurred in the amount of outstanding stock since the date of the business combination. Treecreeper uses the equity method of accounting for its investment.
Required: Determine the following amounts:
1	The balance of Treecreeper's Capital Stock and Retained Earnings accounts at December 31, 2005.
2	Cost of Treecreeper's purchase of Ants Farm on January 1, 2005.
3	Ants Farmss stockholders' equity on December 31, 2005.
4	Treecreepers Investment in Ants Farm account balance at December 31, 2005.
Exercise 5
Zoo Inc paid $268,000 to purchase 80% of the outstanding stock of Bird Corporation, on December 31, 2005. The following year-end information was available just before the purchase:
									Zoo		Bird Book Value		Bird
Book Value	Fair
	Value
Cash	$	378,000	$	40,000	$	40,000
Accounts Receivable		130,000		76,000		76,000
Inventory		240,000		50,000		55,000
Land		220,000		80,000		55,000
Plant and equipment-net		660,000		200,000		215,000
	$	1,628,000	$	446,000	$
Accounts Payable	$	440,000	$	11,000	$	11,000
Bonds Payable		468,000		100,000		95,000
Capital stock, $10 par value		200,000
Capital stock, $15 par value				225,000
Additional paid-in capital		200,000		80,000
Retained earnings		320,000		30,000
	$	1,628,000	$	446,000
Required:
1	Prepare Zoos consolidated balance sheet on December 31, 2005.