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Exercise No. 6 Por Corporation acquired 80 percent of the outstanding stock of Sle Corporation for $560,000 cash on January 3, 2011, on which date Sle's stockholders' equity consisted of capital stock of $400,000 and retained earnings of $100,000. There were no changes in the outstanding stock of either corporation during 2011 and 7017 At December 21 7019 the adjusted trial balances of Der and Clearage follows lin mousanus). Por Sle Debits Current assets $ 408 $ 150 Plant assets-net $ 800 $ 600 Investment in Sle-80% $ 680 Cost of goods sold $ 500 $ 240 Other expenses $ 100 $ 60 Dividends $ 120 $ 50 $2,608 $1,100 Credits Current liabilities $ 324 $ 100 Capital stock $ 1,000 $ 400 Retained earnings $ 404 $ 200 Sales $ 800 $ 400 Income from Sle $ 80 $2,608 $1,100