Question: Check my work he following are selected account balances from Penske Company and Stanza Corporation as of December 31, 2021: 5 lee, eee points

Check my work he following are selected account balances from Penske Companyand Stanza Corporation as of December 31, 2021: 5 lee, eee points

Check my work he following are selected account balances from Penske Company and Stanza Corporation as of December 31, 2021: 5 lee, eee points 2ee , eee se , eee eBook (2ee,eee) see , eee print 4ee , eee References (8e,eee) Revenues Cost of goods sold Depreciation expense Investment income Dividends declared Retained earnings, 1/1/21 Current assets Copyrights Royalty agreements Investment in Stanza Liabilities Common stock Additional paid-in capital Penske $ (7ee, eee) 25e, eee eee Not given 8e , eee (ee,eee) 4ee, eee see, eee see, eee Not given ( see, eee) (ee,eee) ($2e (15e,eee) Stanza $ (4ee , eee) e 1, eee, eee e par) (2ee,eee) ($10 par) ote: Parentheses indicate a credit balance. n January 1, 2021, Penske acquired all of Stanza's outstanding stock for $680,000 fair value in cash and common stock. Penske Iso paid $10,000 in stock issuance costs. At the date of acquisition, copyrights (with a six-year remaining life) have a $440,000 ook value but a fair value of $560,000.

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