2015, Aron Company purchases 100% of the common stock of Shield Company for $450,000 cash. On this date, any excess of cost over book value is attributed to accounts with fair values that differ from book values. These accounts of Shield Company have the following fair values:

Cash..........................................$ 40,000

Accounts receivable...........................30,000

Inventory.....................................140,000

Land............................................45,000

Buildings and equipment..................225,000

Copyrights.....................................25,000

Current liabilities..............................65,000

Bonds payable...............................105,000

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

Required
1. Prepare the value analysis schedule 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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Investment in Shield Company Buildings and equipmernt Accumulated depreciation 1 paya Common stock ($10 par)-Aron Common stock ($5 par)-Shield Paid-in capital in excess ofpar Total liabilities and equity