Winter Inc, purchased 80% of the stock of Spring on January 1, 2020, for $1, 200,000. Winter did not pay a control premium.

At the date of acquisition Spring reported the following balance sheet amounts

Assets				Liabilities & Equity
Cash	$	360,000		Accounts Payable	$	800,000
Receivables		240,000		Total liabilities		800,000
Land		180,000		Common Stock		300,000
Buildings (net)		920,000		Retained earnings		600,000
This content is copyrighted				Total Equity		900,000
Total Assets	$	850,000		Total Liabilities & Stockholders Equity	$	900,000

Spring 's land had a fair value of $4800,000 on January 1,2020. All of the other identifiable assets and liabilities of Spring had fair values equal to their book values.

Winter Inc, had the following select balances on its separate balance sheet at date of acquisition

Land: $424,000 Goodwill: none Common stock: $1,280,000

1. What will Winter record as Investment in Spring on its separate financial statements prepared immediately after the acquisition?

Find the amount in the balance sheet accounts in the CONSOLIDATED financial statements that are prepared on the date of acquisition.

2. Land account?

3. Goodwill account?

4. Common stock account?

5. Investment in Spring account?

6. Noncontrolling interest account