# Question: Winston has the following account balances as of February 1

Winston has the following account balances as of February 1.
Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . \$ 600,000
Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500,000
Buildings (net) (valued at \$1,000,000) . . . . . . . . . . . . . . 900,000
Common stock (\$10 par value) . . . . . . . . . . . . . . . . . . . (800,000)
Retained earnings, 1/1 . . . . . . . . . . . . . . . . . . . . . . . . . (1,100,000)
Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (600,000)
Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500,000
Arlington pays \$1.4 million cash and issues 10,000 shares of its \$30 par value common stock (valued at \$80 per share) for all of Winstonâ€™s outstanding stock. Stock issuance costs amount to \$30,000.
Prior to recording these newly issued shares, Arlington reports a Common Stock account of \$900,000 and Additional Paid-In Capital of \$500,000. For each of the following accounts, determine what balance would be included in a February 1 consolidation.
a. Goodwill.
b. Expenses.
c. Retained Earnings, 1/1.
d. Buildings.

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