Waitsburg Company purchased all of Umatilla Company's common stock for $2,460,000 cash on January 1. When analyzing the purchase price, Waitsburg determined that the other assets of Umatilla were undervalued by $330,000, with any excess purchase price considered to be goodwill.
Use the following table to consolidate the balance sheets of the two companies as of the acquisition date.

Question

Waitsburg Company purchased all of Umatilla Company's common stock for $2,460,000 cash on January 1. When analyzing the purchase price, Waitsburg determined that the other assets of Umatilla were undervalued by $330,000, with any excess purchase price considered to be goodwill. 
Use the following table to consolidate the balance sheets of the two companies as of the acquisition date.

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The Answer of Waitsburg Company purchased all of Umatilla Company's common stock for $2,460,000 cash on January 1. When analyzing the purchase price, Waitsburg determined that the other assets of Umatilla were undervalued by $330,000, with any excess purchase price considered to be goodwill. 
Use the following table to consolidate the balance sheets of the two companies as of the acquisition date.

Waitsburg Company Purchased All of Umatilla Company's Common Stock for $2,460,000