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The following are selected account balances from Penske Company and Stanza Corporation as of December 31, 2021: Penske Stanza Revenues (788,888) 5 (592,888) Cost of

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The following are selected account balances from Penske Company and Stanza Corporation as of December 31, 2021: Penske Stanza Revenues (788,888) 5 (592,888) Cost of goods sold 288,888 148,888 Depreciation expense 218, eee 328, eae Investment income Not given @ Dividends declared 88, eee 68, eee Retained earnings, 1/1/21 (738, esa) (330, 088) Current assets 502, eea 664, Bea Copyrights 914, eee 486,500 Royalty agreements 682,eae 1,856, e38 Investment in Stanza Not given Liabilities (686,828) (1,548, sea) Common stock (680,000) ($28 par) Additional paid-in capital 1208, 209) ($10 par) (158,000) (80, eee) Note: Parentheses Indicate a credit balance. @ On January 1, 2021, Penske acquired all of Stanza's outstanding stock for $870,000 fair value in cash and common stock. Penske also paid $10,000 in stock issuance costs. At the date of acquisition, copyrights (with a six-year remaining life) have a $576,000 book value but a fair value of $684,000 2. 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 goodwil Amounts b. Consolidated copyrights Consolidated net income Consolidated retained carings Consolidated goodwill d

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