What amount of goodwill will be reported?

What amount of total assets will be reported?

What amount of total liabilities will be reported?

What amount of consolidated retained earnings will be reported?

What amount of total stockholders equity will be reported?

(The following information applies to the questions displayed below.) Pocket Corporation acquired 100 percent of Strap Corporation's common stock on December 31, 20x2. Balance sheet data for the two companies immediately following the acquisition follow: Strap Corporation $ 30,000 45,000 70,000 25,000 400,000 (165,000) Item Cash Accounts Receivable Inventory Land Buildings & Equipment Less: Accumulated Depreciation Investment in Strap Corporation Total Assets Accounts Payable Taxes Payable Bonds Payable Common Stock Retained Earnings Total Liabilities & Stockholders' Equity Pocket Corporation $ 49,000 110,000 130,000 80,000 500,000 (223,000) 199,000 $ 844,000 $ 61,500 95,000 280,000 150,000 257,500 $ 844,000 $ 405,000 $ 28,000 37,000 200,000 50,000 90,000 $ 405,000 At the date of the business combination, the book values of Strap's net assets and liabilities approximated fair value except for inventory, which had a fair value of $85,000, and land, which had a fair value of $45,000 Required: For each question, indicate the appropriate total that should appear in the consolidated balance sheet prepared immediately after the business combination