Power Corporation acquired 70 percent of Silk Corporation’s common stock on December 31, 2012. Balance sheet data for the two companies immediately following the acquisition follow:

Power

Silk

  Item

Corporation

Corporation

  Assets

  Cash

$

44,000  

$

30,000  

  Accounts Receivable

110,000  

45,000  

  Inventory

130,000  

70,000  

  Land

80,000  

25,000  

  Buildings and Equipment

500,000  

400,000  

  Less: Accumulated Depreciation

(223,000) 

(165,000) 

  Investment in Silk Corporation Stock

150,500  

  Total Assets

$

791,500  

$

405,000  

  Liabilities and Stockholders’ Equity

  Accounts Payable

$

61,500  

$

28,000  

  Taxes Payable

95,000  

37,000  

  Bonds Payable

280,000  

200,000  

  Common Stock

150,000  

50,000  

  Retained Earnings

205,000  

90,000  

  Total Liabilities and Stockholders’ Equity

$

791,500  

$

405,000  

At the date of the business combination, the book values of Silk’s net assets and liabilities appro1imated fair value except for inventory, which had a fair value of $85,000, and land, which had a fair value of $45,000. The fair value of the noncontrolling interest was $64,500 on December 31, 2012.

For each question below, indicate the appropriate total that should appear in the consolidated balance sheet prepared immediately after the business combination.