On June 30, 2020, Wisconsin, Inc., issued $315,450 in debt and 18,100 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):

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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On June 30, 2020, Wisconsin, Inc., issued $315,450 in debt and 18,100 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   Badger  
Revenues $ (985,000 )   $ (462,000 )  
Expenses   707,000       293,000    
Net income $ (278,000 )   $ (169,000 )  
Retained earnings, 1/1 $ (801,000 )   $ (236,000 )  
Net income   (278,000 )     (169,000 )  
Dividends declared   105,000       0    
Retained earnings, 6/30 $ (974,000 )   $ (405,000 )  
Cash $ 42,000     $ 79,000    
Receivables and inventory   413,000       216,000    
Patented technology (net)   911,000       347,000    
Equipment (net)   739,000       664,000    
Total assets $ 2,105,000     $ 1,306,000    
Liabilities $ (501,000 )   $ (431,000 )  
Common stock   (360,000 )     (200,000 )  
Additional paid-in capital   (270,000 )     (270,000 )  
Retained earnings   (974,000 )     (405,000 )  
Total liabilities and equities $ (2,105,000 )   $ (1,306,000 )  
 

 


Wisconsin also paid $39,700 to a broker for arranging the transaction. In addition, Wisconsin paid $41,600 in stock issuance costs. Badger’s equipment was actually worth $796,750, but its patented technology was valued at only $322,900.


What are the consolidated balances for the following accounts? (Input all amounts as positive values)

 

 

 

 

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