Yankee Corporation acquired 80% of the outstanding stock of Gary Corporation in December 31, 2019 for 5735,000 cash. The acquisifion occurred on the last day of the fiscal year for both companies. Yankee paid at adbitional 515,000 Yankee Corporation acquired 80% of the outstanding stock of Gary Corporation in December 31, 2019 for 5735,000 cash. The acquisifion occurred on the last day of the fiscal year for both companies. Yankee paid at adbitional 515,000