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The following are selected account balances from Penske Company and Stanza Corporation as of December 31, 2021: $ Stanza $ (528,eee) 132,000 228,000 Revenues Cost

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The following are selected account balances from Penske Company and Stanza Corporation as of December 31, 2021: $ Stanza $ (528,eee) 132,000 228,000 Revenues Cost of goods sold Depreciation expense Investment income Dividends declared Retained earnings, 1/1/21 Current assets Copyrights Royalty agreements Investment in Stanza Liabilities Common stock Additional paid-in capital Penske (845,000) 300, 750 160, eee Not given 80, see (614, eee) 438, eee 920, eee 634, eee Not given (532,000) (600, eee) ($20 par) (150,000) 60, eee (254,000) 552,000 410,000 1,076,000 (1,396,000) (200, eee) ($10 par) (80,000) Note: Parentheses Indicate a credit balance. On January 1, 2021, Penske acquired all of Stanza's outstanding stock for $829,000 fair value in cash and common stock. Penske also pald $10,000 in stock Issuance costs. At the date of acquisition, copyrights (with a six-year remaining life) have a $482,000 book value but a fair value of $602,000. a. As of December 31, 2021, what is the consolidated copyrights balance? b. For the year ending December 31, 2021, what is consolidated net Income? c. As of December 31, 2021, what is the consolidated retained earnings balance? d. As of December 31, 2021, what is the consolidated balance to be reported for goodwill? Amounts a. b Consolidated copyrights Consolidated net income Consolidated retained earnings Consolidated goodwill c. d

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