On January 1, 20X3, Parade Corporation reported total assets of $465,000, liabilities of $274,000, and stockholders'...

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On January 1, 20X3, Parade Corporation reported total assets of $465,000, liabilities of $274,000, and stockholders' equity of $191,000. At that date, Summer Corporation reported total assets of $190,000, liabilities of $133,000, and stockholders' equity of $57,000. Following lengthy negotiations, Parade paid Summer's existing shareholders $48,450 in cash for 85 percent of the voting common shares of Summer. Required: Immediately after Parade purchased the Summer shares, a. What amount of total assets did Parade report in its individual balance sheet? b. What amount of total assets was reported in the consolidated balance sheet? c. What amount of total liabilities was reported in the consolidated balance sheet? d. What amount of stockholders' equity was reported in the consolidated balance sheet? a. Amount of total assets b. Amount of total assets c. Amount of total liabilities d. Amount of stockholders' equity On January 1, 20X3, Parade Corporation reported total assets of $465,000, liabilities of $274,000, and stockholders' equity of $191,000. At that date, Summer Corporation reported total assets of $190,000, liabilities of $133,000, and stockholders' equity of $57,000. Following lengthy negotiations, Parade paid Summer's existing shareholders $48,450 in cash for 85 percent of the voting common shares of Summer. Required: Immediately after Parade purchased the Summer shares, a. What amount of total assets did Parade report in its individual balance sheet? b. What amount of total assets was reported in the consolidated balance sheet? c. What amount of total liabilities was reported in the consolidated balance sheet? d. What amount of stockholders' equity was reported in the consolidated balance sheet? a. Amount of total assets b. Amount of total assets c. Amount of total liabilities d. Amount of stockholders' equity