On February 1 , 2 0 2 4 , Windsor Company purchased 9 5 of the outstanding common stock of Patricia Company and 8 5 of the outstanding common stock of John Company Immediately before the two acquisitions, balance sheets of the three companies were as follows The following additional information is relevant 1 One week before the acquisitions, Windsor Company had advanced ( $ 1 4 , 5 0 0 ) to Patricia Company and ( $ 4 , 5 0 0 ) to John Company Patricia Company recorded an increase to Accounts Payable for its advance, but John Company had not recorded the transaction 2 On the date of acquisition, Windsor Company owed Patricia Company ( $ 1 2 , 6 0 0 ) for purchases on account, and John Company owed Windsor Company ( $ 3 , 9 0 0 ) and Patricia Company ( $ 6 , 3 0 0 ) for such purchases The goods purchased had all been sold to outside parties prior to acquisition 3 Windsor Company exchanged 1 3 , 3 0 0 shares of its common stock with a fair value of ( $ 1 3 ) per share for ( 9 5 ) of the outstanding common stock of Patricia Company In addition, stock issue fees of ( $ 5 , 0 0 0 ) were paid in cash The acquisition was accounted for as a purchase 4 Windsor Company paid ( $ 4 4 , 2 0 0 ) cash for the ( 8 5 ) interest in John Company 5 3 , 2 5 0 dollars of Patricia Company's notes payable and ( $ 1 0 , 2 0 0 ) of John Company's notes payable were payable to Windsor Company 6 Assume that for Patricia, any difference between book value and the value implied by the purchase price relates to subsidiary land However, for John, assume that any excess of book value over the value implied by the purchase price is due to overvalued buildings ( c ) Prepare a consolidated balance sheet at the date of acquisition for Windsor Company and its subsidiaries ( Round answers to 0 decimal places, e g 1 2 5 List assets in order of liquidity List Property, plant and equipment in order of land, buildings and equipment ) WINDSOR COMPANY AND SUBSIDIARIES Consolidated Balance Sheet February 1 , 2 0 2 4 Assets $ Liabilities and Stockholders' Equity $ Accounts Payable Accounts Receivable Bonds Payable Buildings Cash Common Stock Equipment Goodwill Income Tax Payable Inventory Land Long term Notes Payable Merchandise Inventory Mortgage Payable No Entry Noncontrolling Interest Note Payable Notes Receivable Other Contributed Capital Plant and Equipment Prepaid Insurance Retained Earnings Show all images Show all images Show all images done loading

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On February 1 , 2 0 2 4 , Windsor Company purchased 9 5     of the outstanding common stock of Patricia Company and 8 5     of the outstanding common stock of John Company  Immediately before the two acquisitions, balance sheets of the three companies were as follows  The following additional information is relevant  1   One week before the acquisitions, Windsor Company had advanced   (   $ 1 4 , 5 0 0   ) to Patricia Company and   (   $ 4 , 5 0 0   ) to John Company  Patricia Company recorded an increase to Accounts Payable for its advance, but John Company had not recorded the transaction  2   On the date of acquisition, Windsor Company owed Patricia Company   (   $ 1 2 , 6 0 0   ) for purchases on account, and John Company owed Windsor Company   (   $ 3 , 9 0 0   ) and Patricia Company   (   $ 6 , 3 0 0   ) for such purchases  The goods purchased had all been sold to outside parties prior to acquisition  3   Windsor Company exchanged 1 3 , 3 0 0 shares of its common stock with a fair value of   (   $ 1 3   ) per share for   ( 9 5       ) of the outstanding common stock of Patricia Company  In addition, stock issue fees of   (   $ 5 , 0 0 0   ) were paid in cash  The acquisition was accounted for as a purchase  4   Windsor Company paid   (   $ 4 4 , 2 0 0   ) cash for the   ( 8 5       ) interest in John Company  5   3 , 2 5 0 dollars of Patricia Company's notes payable and   (   $ 1 0 , 2 0 0   ) of John Company's notes payable were payable to Windsor Company  6   Assume that for Patricia, any difference between book value and the value implied by the purchase price relates to subsidiary land  However, for John, assume that any excess of book value over the value implied by the purchase price is due to overvalued buildings  ( c ) Prepare a consolidated balance sheet at the date of acquisition for Windsor Company and its subsidiaries  ( Round answers to 0 decimal places, e   g   1 2 5   List assets in order of liquidity  List Property, plant and equipment in order of land, buildings and equipment  ) WINDSOR COMPANY AND SUBSIDIARIES Consolidated Balance Sheet February 1 , 2 0 2 4 Assets   $ Liabilities and Stockholders' Equity   $ Accounts Payable Accounts Receivable Bonds Payable Buildings Cash Common Stock Equipment Goodwill Income Tax Payable Inventory Land Long   term Notes Payable Merchandise Inventory Mortgage Payable No Entry Noncontrolling Interest Note Payable Notes Receivable Other Contributed Capital Plant and Equipment Prepaid Insurance Retained Earnings Show all images Show all images Show all images done loading

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Question: On February 1 , 2 0 2 4 , Windsor Company purchased 9 5 % of the outstanding common stock of Patricia Company and

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