Using the data given in Problem 2-6, assume that Aron Company purchases 80% of the common stock of Shield Company for $320,000 cash.

The following comparative balance sheets are prepared for the two companies immediately after the purchase:

Required
1. Prepare the value analysis and the determination and distribution of excess schedule for the investment in Shield Company.
2. Complete a consolidated worksheet for Aron Company and its subsidiary Shield Company as of December 31, 2015.

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3 1 Investment in Shield Company Buildings and equipmernt Accumulated depreciation.. Common stock ($10 par)-Aron Common stock ($5 par)-Shield Paid-in capital in excess ofpar Total liabilities and equity