uary $1\mathrm{.}2024,$ Splish Company purchased $\backslash (95\backslash \%\backslash )$ of the outstanding common stock of Carol Company and $\backslash (85\backslash \%\backslash )$ of the outstanding common stock of Steven Company. Immediately before the two acquisitions, balance sheets of the three companies were as follows:

wing additional information is relevant

De week before the acquisitions, Splish Company had advanced $\backslash (\backslash$$ $12,000\backslash )$ to Carol Company and $\backslash (\backslash$$ $4,200\backslash )$ to Steven Company. Carol Company recorded an increase to Accounts Payable for its advance, but Steven Company had not recorded the transaction.

plish Company exchanged $13,300$ shares of its common stock with a fair value of $\backslash (\backslash$$ $13\backslash )$ per share for $\backslash (95\backslash \%\backslash )$ of the outstanding common stock of Carol Company. In addition, stock issue fees of $\backslash (\backslash$$ $4,000\backslash )$ were paid in cash. The acquisition was accounted for as a purchase.

plish Company paid $\backslash (\backslash$$ $45,900\backslash )$ cash for the $\backslash (85\backslash \%\backslash )$ interest in Steven Company.

$\mathrm{.}500$ dollars of Carol Company's notes payable and $\backslash$$$10,200$ of Steven Company's notes payable were payable to Splish Company.

Your Answer

Correct Answer $($Used$)$

Common Stock

$($To record acquisition of Carol Co$.)$

Ca

Cash

$($To record acquisition of Steven Co$.)$

Prepare a consolidated balance shest workpaper immadiately after acquisition. $($Round onswers to $0$ decimal places, e$.$g$.125.)$