Link Company acquired Tuna Inc. on January 1, 2017. On January1, 2017 all of Tuna's assets and liabilities had a FVs = BV exceptfor the following:
Land was undervalued by $30,000
Buildings were overvalued by $45,000 (20-yr remaining usefullife)
Equipment was undervalued by $90,000 (5-yr remaining usefullife)
In addition, Tuna had internally developed a customer list withan appraised value of $150,000 and a 10-yr remaining useful life.Link originally acquired Tuna at the FV of its net identifiableassets that equaled $1,050,000.
The following are selected accounts for Link's Company and TunaInc as of December 31, 2021 ( Link's investment in Tuna and equityin Tuna's income accounts have been omitted). Credit balances areindicated by parenthesis:
| Link | Tuna |
| Revenues | (900,000) | (375,000) |
| COGS | 420,000 | 150,000 |
| Depreciation Exps | 180,000 | 75,000 |
| RE, Beginning Balance | (1,350,000) | (900,000) |
| Dividends Paid | 195,000 | 60,000 |
| Current Assets | 300,000 | 1,035,000 |
| Land | 450,000 | 135,000 |
| Buildings (net) | 750,000 | 210,000 |
| Equip (net) | 300,000 | 375,000 |
| Liabilities | (600,000) | (465,000) |
| Common Stock | (450,000) | (60,000) |
| APIC | (75,000) | (240,000) |
Determine the proper December 31, 2021 consolidated totals foreach of the following accounts:
Revenues, COGS, Depreciation Exps, Amortization Exps, Buildingsnet, Equipment net, Customer list, Common Stock, APIC.
Show work please!
