On June 30, 2020, Wisconsin, Inc., issued $181,400 in debt and 23,100 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, 2020, were as follows (credit balances in parentheses):
| Wisconsin | Badger | |||||||||||
| Revenues | $ | (1,043,000 | ) | $ | (453,000 | ) | ||||||
| Expenses | 742,000 | 294,000 | ||||||||||
| Net income | $ | (301,000 | ) | $ | (159,000 | ) | ||||||
| Retained earnings, 1/1 | $ | (825,000 | ) | $ | (264,000 | ) | ||||||
| Net income | (301,000 | ) | (159,000 | ) | ||||||||
| Dividends declared | 94,500 | 0 | ||||||||||
| Retained earnings, 6/30 | $ | (1,031,500 | ) | $ | (423,000 | ) | ||||||
| Cash | $ | 101,500 | $ | 88,000 | ||||||||
| Receivables and inventory | 451,000 | 215,000 | ||||||||||
| Patented technology (net) | 931,000 | 374,000 | ||||||||||
| Equipment (net) | 705,000 | 661,000 | ||||||||||
| Total assets | $ | 2,188,500 | $ | 1,338,000 | ||||||||
| Liabilities | $ | (527,000 | ) | $ | (445,000 | ) | ||||||
| Common stock | (360,000 | ) | (200,000 | ) | ||||||||
| Additional paid-in capital | (270,000 | ) | (270,000 | ) | ||||||||
| Retained earnings | (1,031,500 | ) | (423,000 | ) | ||||||||
| Total liabilities and equities | $ | (2,188,500 | ) | $ | (1,338,000 | ) | ||||||
Wisconsin also paid $32,700 to a broker for arranging the
transaction. In addition, Wisconsin paid $46,800 in stock issuance
costs. Badger’s equipment was actually worth $833,500, but its
patented technology was valued at only $344,100.
What are the consolidated balances for the following accounts?
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