Use the following information to answer questions 4 through 9.
		On January 1, 2005, Finch Corporation purchased 75% of the common stock of Grass Co. Separate balance sheet data for the companies at the combination date are given below:
						Finch				Grass
			Cash	$		24,000			$	206,000
			Accounts Receivable			144,000				26,000
			Inventory			132,000				38,000
			Land			68,000				32,000
			Plant assets			700,000				300,000
			Accum. Depreciation		(	240,000		)	(	60,000	)
			Investment in Lapp			392,000
			Total assets	$		1,230,000			$	542,000
			Accounts payable	$		206,000			$	142,000
			Capital stock			800,000				300,000
			Retained earnings			224,000				100,000
			Total liabilities & equities	$		1,230,000			$	542,000
		At the date of combination, the book values of Grasss net assets were equal to the fair value except for Grasss inventory, which had a fair value of $60,000. Determine below what the consolidated balance would be for each of the requested accounts.
4.		What amount of Inventory will be reported?
		a.	$170,000.
		b.	$169,000.
		c.	$186,500.
		d.	$192,000.

5.		What amount of Goodwill will be reported?
		a.	$10,500.
		b.	$20,000.
		c.	$42,000.
		d.	$75,500.

6.		What amount of total liabilities will be reported?
		a.	$206,000.
		b.	$261,000.
		c.	$302,500.
		d.	$348,000.

7.		What is the reported amount for the minority interest?
		a.	$ 69,333.
		b.	$100,000.
		c.	$130,666.
		d.	$150,000.

8.		What is the amount of consolidated Retained Earnings?
		a.	$224,000.
		b.	$299,000.
		c.	$324,000.
		d.	$346,666.

9.		What is the amount of total assets?
		a.	$1,244,500.
		b.	$1,380,000.
		c.	$1,472,000.
		d.	$1,762,000. please explain