Prior to being united in a business combination, atkins, inc., and waterson corporation had the following stockholders’ equity figures: atkins waterson common stock ($1 par value) $ 225,000 $ 36,000 additional paid-in capital 112,500 15,500 retained earnings 315,000 148,200 atkins issues 60,750 new shares of its common stock valued at $3 per share for all of the outstanding stock of waterson. immediately afterward, what are consolidated additional paid-in capital and retained earnings, respectively?

Additional paid in capital $294,750

Retained earning = $315,000

Explanation:

Given data:

Additional paid in capital

for Atkins = 112,500

for waterson = 15,500

Retained Earning

For Atkins  = 315,000

For waterson = 148,200

News shares issued 60,750

Price per share $3

Additional paid in capital will be

= 294,750

Retained earning = 315,000

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o