Problem $2-27($Algo$)($LO $2-4,2-5,2-6$b$,2-7)$

On June $30,2023,$ Wisconsin, Incorporated, issued $$444,550$ in debt and $15,200$ new shares of its $$10$ 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 $$40$ per share.

Prior to the combination, the financial statements for Wisconsin and Badger for the six$-$month period ending June $30,2023,$ were as

follows $($credit balances in parentheses$)$:

Wisconsin also paid $$38,700$ to a broker for arranging the transaction. In addition, Wisconsin paid $$45,800$ in stock issuance costs.

Badger's equipment was actually worth $$701,250,$ but its patented technology was valued at only $$303,900.$

Required:

What are the consolidated balances for the following accounts?

Note: Input all amounts as positive values

Answer is complete but not entirely correct.Problem $2-23($Algo$)($LO $2-6$a$,2-6$b$)$ The following book and fair values were available for Westmont Company as of March $1.$ Book Value Fair Value Inventory $ $551,500$ $ $515,250$ Land $771,0001,050,750$ Buildings $1,895,0002,252,000$ Customer relationships $0825,000$ Accounts payable $(102,000)(102,000)$ Common stock $(2,000,000)$ Additional paid$-$in capital $(500,000)$ Retained earnings, $1/1(430,000)$ Revenues $(495,500)$ Expenses $310,000$ Arturo Company pays $$4,140,000$ cash and issues $20,500$ shares of its $$2$ par value common stock $($fair value of $$50$ per share$)$ for all of Westmont$$s common stock in a merger, after which Westmont will cease to exist as a separate entity. Stock issue costs amount to $$27,600$ and Arturo pays $$46,900$ for legal fees to complete the transaction. Prepare Arturo$$s journal entries to record its acquisition of Westmont. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$ Record the acquisition of Westmont Company. Note: Enter debits before credits. Transaction General Journal Debit Credit $1$ Record the legal fees related to the combination. Note: Enter debits before credits. Transaction General Journal Debit Credit $2$ Record the payment of stock issuance costs. Note: Enter debits before credits. Transaction General Journal Debit Credit $3$