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What will be the Jan 1, 2022 balance in consolidated Common Stock and consolidated Total Assets accounts after the acquisition is completed? Please show Calculations

image text in transcribedWhat will be the Jan 1, 2022 balance in consolidated Common Stock and consolidated Total Assets accounts after the acquisition is completed?

Please show Calculations

along with the book value of Grande's accounts: \begin{tabular}{|l|c|c|c|} \hline & Grande Book Value & Petite Book Value & Petite Fair Value \\ \hline Cash and receivables & 280,000 & 135,000 & 135,000 \\ \hline Inventory & 340,000 & 190,000 & 175,000 \\ \hline Land & 490,000 & 300,000 & 330,000 \\ \hline Buildings (net) & 830,000 & 350,000 & 340,000 \\ \hline Equipment (net) & 655,000 & 115,000 & 110,000 \\ \hline Liabilities & 900,000 & 430,000 & 410,000 \\ \hline Common stock & 580,000 & 180,000 & \\ \hline Additional paid-in capital & 730,000 & 250,000 & \\ \hline Retained earnings, 1/1/22 & 385,000 & 230,000 & \\ \hline \end{tabular} assuming Grande dissolves Petite so that Petite is no longer a separate entity. along with the book value of Grande's accounts: \begin{tabular}{|l|c|c|c|} \hline & Grande Book Value & Petite Book Value & Petite Fair Value \\ \hline Cash and receivables & 280,000 & 135,000 & 135,000 \\ \hline Inventory & 340,000 & 190,000 & 175,000 \\ \hline Land & 490,000 & 300,000 & 330,000 \\ \hline Buildings (net) & 830,000 & 350,000 & 340,000 \\ \hline Equipment (net) & 655,000 & 115,000 & 110,000 \\ \hline Liabilities & 900,000 & 430,000 & 410,000 \\ \hline Common stock & 580,000 & 180,000 & \\ \hline Additional paid-in capital & 730,000 & 250,000 & \\ \hline Retained earnings, 1/1/22 & 385,000 & 230,000 & \\ \hline \end{tabular} assuming Grande dissolves Petite so that Petite is no longer a separate entity

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