Question: On June 3 0 , 2 0 2 3 , Wisconsin, Incorporated, issued $ 1 4 3 , 2 5 0 in debt and 2
On June Wisconsin, Incorporated, issued $ in debt and new shares of its $ par value stock to Badger Company owners in exchange for all of the outstanding shares of that company. Wisconsin shares had a fair value of $ per share. Prior to the combination, the financial statements for Wisconsin and Badger for the sixmonth period ending June were as follows credit balances in parentheses: Items Revenues Expenses Net income Retained earnings, Net income Dividends declared Retained earnings, Cash Receivables and inventory Patented technology net Equipment net Total assets Liabilities Common stock Additional paidin capital Retained earnings Total liabilities and equities Wisconsin $ $ $ $ $ $ $ $ Badger $ $ $ $ $ $ $ Wisconsin also paid $ to a broker for arranging the transaction. In addition, Wisconsin paid $ in stock issuance costs. Badger's equipment was actually worth $ but its patented technology was valued at only $ Required: What are the consolidated balances for the following accounts? Note: Input all amounts as positive values Accounts Amounts a Net income b Retained earnings, c Patented technology net d Goodwill e Liabilities f Common stock Additional paidin capital
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