Fin 3334 Financial Statement Analysis; Financial Reporting, Financial Statement Analysis, and Valuation (7th Edition)

You are to show your step-by-step solution to the question. Presentation, legibility, and ease of navigation will be a factor in the final grade and will represent 20 percent of each question.

You are given the following financial statements of X Corporation, for the years 2014 and 2015.
	2014	2015
Cash	10	15
Marketable securities	210	182
Account receivable	80	65
Inventory	147	192
Net fixed assets	300	353
Total assets	747	807
Accounts payable	95	120
Accrued expense	123	180
Current income tax payable	10	40
Deferred income tax	35	42
Note payable	69	50
Long-term debt	190	147
Common stock	10	10
Retained earnings	250	270
Treasury stock	-30	-42
Accumulated other comp. income	-5	-10
Total liabilities and equity	747	807
Operating income		78
Investment income		15
Interest expense		-16
Earnings before tax		77
Tax provision		-30.8
Net income		46.2
Other comprehensive income		-5
Comprehensive income		41.2

5. In addition to the financial statements of X Corporation, you are given the
following market values.
		2015	Market	Revised
Cash		15
Marketable securities		182
Account receivable		65	40
Inventory		192	100
Copyright			50
Goodwill
Net fixed assets		353	412
Total assets		807
Accounts payable		120
Accrued expense		180
Current income tax payable		40
Deferred income tax		42
Note payable		50
Long-term debt		147
Common equity		228
Minority interest
Total liabilities and equity		807
A Corporation acquires 75 percent of the equity of X
Corporation for a total of 300.
What does the opening Balance Sheet of X look like, after the purchase?