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The given information is as follows: Could you please answer and explain how to figure out the following figures? Thank you! Travers Company purchased ownership

The given information is as follows:

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Could you please answer and explain how to figure out the following figures? Thank you!

image text in transcribed Travers Company purchased ownership in Yarrow Company Acquisition cost paid by Travers Assessed fair value of noncontrolling interest Excess purchase price attributed to customer list to be amortized over years Yarrow Company purchased ownership in Stookey Company Acquisition cost paid by Yarrow Assessed fair value of noncontrolling interest Excess purchase price attributed to copyright with a remaining life of: Portion of operational earnings Travers pays as cash dividends Reported income totals for 2017 Travers Company Yarrow Company Stookey Company Inventory transferred to Yarrow since takeover: 2017 2018 Portion of inventory carried into succeeding year Effective tax rate for all companies \begin{tabular}{lc} & 90% \\ $ & 720,000 \\ $ & 80,000 \\ & \\ & 15 years \\ & \\ & 80% \\ $ & 344,000 \\ $ & 86,000 \\ & \\ & 10 years \\ & 40% \\ & \\ & \\ & 300,000 \\ $ & 160,000 \\ $ & 120,000 \\ & \\ $ & 80,000 \\ $ & 100,000 \\ & 20% \\ & 45% \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Sales } & \multicolumn{2}{|c|}{\begin{tabular}{c} Travers \\ Company \\ 12/31/2018 \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{c} Yarrow \\ Company \\ 12/31/2018 \\ \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{c} Stookey \\ Company \\ 12/31/2018 \\ \end{tabular}} \\ \hline & $ & (900,000) & $ & (600,000) & $ & (500,000) \\ \hline Cost of goods sold & & 480,000 & & 320,000 & & 260,000 \\ \hline Operating expenses & & 100,000 & & 80,000 & & 140,000 \\ \hline Net income & $ & (320,000) & $ & (200,000) & $ & (100,000) \\ \hline Retained earnings, 1/1/18 & $ & (700,000) & $ & (600,000) & $ & (300,000) \\ \hline Net income & & (320,000) & & (200,000) & & (100,000) \\ \hline Dividends declared & & 128,000 & & - & & - \\ \hline Retained earnings, 12/31/18 & $ & (892,000) & $ & (800,000) & $ & (400,000) \\ \hline Current assets & $ & 444,000 & $ & 380,000 & $ & 280,000 \\ \hline Investment in Yarrow Company & & 720,000 & & - & & - \\ \hline Investment in Stookey Company & & - & & 344,000 & & - \\ \hline Land, buildings, and equipment (net) & & 949,000 & & 836,000 & & 520,000 \\ \hline Total assets & $ & 2,113,000 & $ & 1,560,000 & $ & 800,000 \\ \hline Liabilities & $ & (721,000) & $ & (460,000) & $ & (200,000) \\ \hline Common stock & & (500,000) & & (300,000) & & (200,000) \\ \hline Retained earnings, 12/31/18 & & (892,000) & & (800,000) & & (400,000) \\ \hline Total liabilities and equities & & (2,113,000) & & (1,560,000) & $ & (800,000) \\ \hline \end{tabular} TRAVERS COMPANY AND CONSOLIDATED SUBSIDIARIES

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