On 12/31/20x1, Purl Inc. acquired Scott Corp. by issuing Common Stock (par value issuance), which was 80% acquisition out of $260,000 (100% total consideration), thereby 20% is Non-Controlling Interest (NCI). When Purl issued the common stock, stock registration, and issuance costs for $1,000 incurred.
Journalize the acquisition process and consolidation adjustments, and construct Purl's consolidated B/S as of 12/31 by filling out the working sheet.

All the blue parts need to be filled with journal entries. This whole page is about mergers and acquisitions. I've filed some of it out but I'm so lost.

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On 12/31/20x1, Purl Inc. acquired Scott Corp. by issuing Common Stock (par value issuance), which was 80% acquistion out of $260,000 (100% total considertion), thereby 20% is Non-Controlling Interest (NCI). When Purl issued the common stock, stock registration and issuance costs for $1,000 incurred. Journalize the acquisition process and consolidation adjustments, and construct Purl's consolidated B/S as of 12/31 by filling out the working sheet. Purl's Journal Entry. At the acquisition. Purl acquired Scott by issuing Common Stack. Stock registration and issuance costs incurred Investment In Scott 208,000 Purl's Common stock 208,000 Consolidation Adjustments. Investment in Scott 208,000 NCI Purl's Working Sheets as of 12/31/20X1 Purl Scott Scott Purl's Consolidated Debit. Adjustment Credit. Adjustment (Book Value) (Book Value) (Fair Value) B/S as of 12/31/20x1 Cash 462,000 94,000 94,000 Accounts Receivable 68,000 18,000 18,000 Inventory 46,000 32,000 30,000 Investment S PP&E 358,000 100,000 116,000 Patent 10,000 2,000 6,000 Goodwill Total Assets 944,000 246,000 264,000 Accrued Expenses 18,000 6,000 6,000 Note Payable Total Liabilities 28,000 34,000 600,000 28,000 34,000 618,000 Common Stock 200,000 100,000 118,000 APIC 30,000 30,000 30,000 R/E 96,000 82,000 82,000 Non-controlling Interest Total Equities Total Liabilities & Equities 326,000 212,000 230,000 944,000 246,000 264,000 On 12/31/20x1, Purl Inc. acquired Scott Corp. by issuing Common Stock (par value issuance), which was 80% acquistion out of $260,000 (100% total considertion), thereby 20% is Non-Controlling Interest (NCI). When Purl issued the common stock, stock registration and issuance costs for $1,000 incurred. Journalize the acquisition process and consolidation adjustments, and construct Purl's consolidated B/S as of 12/31 by filling out the working sheet. Purl's Journal Entry. At the acquisition. Purl acquired Scott by issuing Common Stack. Stock registration and issuance costs incurred Investment In Scott 208,000 Purl's Common stock 208,000 Consolidation Adjustments. Investment in Scott 208,000 NCI Purl's Working Sheets as of 12/31/20X1 Purl Scott Scott Purl's Consolidated Debit. Adjustment Credit. Adjustment (Book Value) (Book Value) (Fair Value) B/S as of 12/31/20x1 Cash 462,000 94,000 94,000 Accounts Receivable 68,000 18,000 18,000 Inventory 46,000 32,000 30,000 Investment S PP&E 358,000 100,000 116,000 Patent 10,000 2,000 6,000 Goodwill Total Assets 944,000 246,000 264,000 Accrued Expenses 18,000 6,000 6,000 Note Payable Total Liabilities 28,000 34,000 600,000 28,000 34,000 618,000 Common Stock 200,000 100,000 118,000 APIC 30,000 30,000 30,000 R/E 96,000 82,000 82,000 Non-controlling Interest Total Equities Total Liabilities & Equities 326,000 212,000 230,000 944,000 246,000 264,000

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