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there is no missing information i provided an example of the answer 2 Aline Company acquired all of Melody Company's outstanding stock on January 1,

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2 Aline Company acquired all of Melody Company's outstanding stock on January 1, 2022, for $300,000 in cash. Melody had a book value of only $202.000 on that date. However, equipment (having an eight-year remaining life) was undervalued by $72,000 on Melody's financial records. A building with a 20-year remaining life was overvalued by $20,000 In accounting for this investment, Aline used the equity method. During 2022, Melody reported net income of 64,000 and declared and paid dividends of $12,000. Selected accounts taken from the financial records of these two companies as of December 31, 2022, follow Aline Melody Revenues--- $425,000 $162,000 Operating Expenses 278,000 98,000 Equity in Melody Earnings Equipment 402,000 68,000 (net) Buildings 356,000 84,000 (net) Common 470,000 58,000 Stock Retained 580,000 196,000 earings, 12/31/22 Determine the following account balances as of December 31, 2022 (Do not add dollar sign; do not add comma to your amount; round the answer to the whole number) 1. Consolidated Net Income (a) 2. Consolidated Equipment (net) [b] 3. Consolidated Buildings (net) (C) 4. Consolidated Goodwill (net) (d) 5. Consolidated Retained Earnings, 12/31/22.(0) . w De mouwen 1 Expert answer A Expert in Accounting Solution: 1) Consolidated Net Income = (442,000 - 234,000) + (42,000 - (56,000/8) + (15,900/20)) = 243,795 2) Consolidated Equipment = (398,000 + 57,000 + 56,000 - 7,000) = 504,000 3) Consolidated Building = (286,000 + 70,000 - 15,900 + 795) = 340,895 4) Consolidated Goodwill = (280,200 - 199,400 +56,000 - 15,900) = 120,900 5) Consolidated Retained Earnings = 586,000+ 163,800 - 7,000 + 795 = 743,595 Answer 1 of 1 Done Solution: 1) Consolidated Net Income = (442,000 - 234,000) + (42,000 - (56,000/8) + (15,900/20)) = 243,795 2) Consolidated Equipment = (398,000 + 57,000+ 56,000 - 7,000) = 504,000 3) Consolidated Building = (286,000 +70,000 - 15,900 + 795) = 340,895 4) Consolidated Goodwill = (280,200 - 199,400 +56,000 - 15,900) = 120,900 5) Consolidated Retained Earnings = 586,000+ 163,800 - 7,000 + 795 = 743,595

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