Worksheet, purchase in blocks, subsidiary stock dividend, subsidiary purchase of parent shares, machinery sale, merchandise. On January 1, 2017, Heckert Company purchases a controlling interest in...

Worksheet, purchase in blocks, subsidiary stock dividend, subsidiary purchase of parent shares, machinery sale, merchandise. On January 1, 2017, Heckert Company purchases a controlling interest in Aker Company. The following information is available:

a. Heckert Company purchases 1,600 shares of Aker Company outstanding stock on January 1, 2016, for $48,000 and purchases an additional 1,400 shares on January 1, 2017, for $51,800.