Extracted text: Wisconsin also paid $32,600 to a broker for arranging the transaction. In addition, Wisconsin paid $48,200 in stock issuance costs. Badger's equipment was actually worth $738,000, but its patented technology was valued at only $341,800. What are the consolidated balances for the following accounts? (Input all amounts as positive values) Accounts Amounts a. Net income b. Retained earnings, 1/1/20 839,000 c. Patented technology (net) d. Goodwill e. Liabilities f. Common stock g. Additional paid-in capital
Extracted text: On June 30, 2020, Wisconsin, Inc., issued $153,400 in debt and 22,200 new shares of its $10 par value stock to Badger Company owners in exchange for all of the outstanding shares of that company. Wisconsin shares had a fair value of $40 per share. Prior to the combination, the financial statements for Wisconsin and Badger for the six-month period ending June 30, 2020, were as follows (credit balances in parentheses): Wisconsin $ (1,077,000) 759,000 $ (318,000) $(839,000) (318,000) 110,750 $(1,046, 250) Badger $ (397,000) 200,000 Revenues Expenses $ (197,000) $ (213,000) (197,000) Net income Retained earnings, 1/1 Net income Dividends declared Retained earnings, 6/30 $ (410,000) $ 197,250 423,000 915,000 737,000 $ 2,272,250 $ (596,000) (360,000) (270,000) (1,046, 250) $(2,272,250) Cash Receivables and inventory Patented technology (net) Equipment (net) 166,000 171,000 364,000 609,000 $ 1,310,000 $ (430,000) (200,000) (270,000) (410, 000) $(1,310,000) Total assets Liabilities Common stock Additional paid-in capital Retained earnings Total liabilities and equities