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*Exercise 9-9 Sam's Company reported the following stockholders' equity account balances on December 31, 2014. Preferred stock (12%, $100 par value, call price is $105) Common stock, $10 par value Other contributed capital-premium on issue of common stock $100,000 500,000 160,000 earnings 110,000 $870,000 Total On December 31, 2014, Peterson, Inc. acquired 60% of Sam Company's common stock for $550,000 and 40% of its The difference between the implied value of stock (preferred eroare eneral ?srnal torm the Deen e 201 erkoiter ertres to eliminate the mest mert i, common and preferred stock for each of the floer , Indep amount is entered. Do not indent manually.) preferred stock for SSS,000. the common stock (preferred stock) and the book value is allocated entirely to land (other contributed capeal and o interest) dent cases (Round an ors to 0 decimal places, e.g. 5,125. Ir no entry is required, select No Entry for the account tities and enter or the amounts.rei ce e diaty f en and Ex to equity) were not paid in 2013 and 2014. ing, and di e and Case 2: The preferred stock is *Exercise 9-9 Sam's Company reported the following stockholders' equity account balances on December 31, 2014. Preferred stock (12%, $100 par value, call price is $105) Common stock, $10 par value Other contributed capital-premium on issue of common stock $100,000 500,000 160,000 earnings 110,000 $870,000 Total On December 31, 2014, Peterson, Inc. acquired 60% of Sam Company's common stock for $550,000 and 40% of its The difference between the implied value of stock (preferred eroare eneral ?srnal torm the Deen e 201 erkoiter ertres to eliminate the mest mert i, common and preferred stock for each of the floer , Indep amount is entered. Do not indent manually.) preferred stock for SSS,000. the common stock (preferred stock) and the book value is allocated entirely to land (other contributed capeal and o interest) dent cases (Round an ors to 0 decimal places, e.g. 5,125. Ir no entry is required, select No Entry for the account tities and enter or the amounts.rei ce e diaty f en and Ex to equity) were not paid in 2013 and 2014. ing, and di e and Case 2: The preferred stock is