On January 1, 2019, Roxy Corp. issued shares of its common stock to acquire all of the outstanding common stock of Westwood Inc. Westwood's book value was only $140,000 at the time, but Roxy issued 12,000 shares having a par value of $1 per share and a fair value of $20 per share. Roxy was willing to convey these shares because it felt that buildings (ten-year life) were undervalued on Westwood's records by $60,000 while equipment (five-year life) was undervalued by $25,000. Any consideration transferred over fair value of identified net assets acquired is assigned to goodwill. Following are the individual financial records for these two companies for the year ended December 31, 2022. Roxy Westwood
Corp. Inc.
Revenues $ 372,000 $ 108,000
Expenses (264,000 ) (72,000 )
Equity in subsidiary earnings 25,000 0
Net income $ 133,000 $ 36,000
Retained earnings, January 1, 2022 $ 765,000 $ 102,000
Net income (above) 133,000 36,000
Dividends paid (84,000 ) (24,000 )
Retained earnings, December 31, 2022 $ 814,000 $ 114,000
Current assets $ 150,000 $ 22,000
Investment in Westwood Inc. 242,000 0
Buildings (net) 525,000 85,000
Equipment (net) 389,250 129,000
Total assets $ 1,306,250 $ 236,000
Liabilities $ 82,250 $ 50,000
Common stock 360,000 72,000
Additional paid-in capital 50,000 0
Retained earnings, December 31, 2022 (above) 814,000 114,000
Total liabilities and stockholders’ equity $ 1,306,250 $ 236,000
Required:
1. Prove investment bal in Westwood $242,000
2. Prepare a consolidation worksheet Entries (only entries S, A, I, D, E, or P if necessary; no need for whole worksheet) for this business combination.

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Cooper sues company a in state court in south carolina, where he lives, for negligence alleging personal injury and property damage of $100,000 after a truck driven by an employee of company a rear-ended his pickup truck. company a is incorporated in delaware, has its headquarters in new york, but does a substantial amount of business in south carolina. claiming diversity of citizenship, company a seeks removal to federal district court, but cooper opposes the motion. which of the following is true regarding whether the case may be properly removed to federal district court? the amount in controversy satisfies diversity requirements; and if company a's nerve center is in a state other than south carolina, then the case may be properly removed to federal court.the amount in controversy satisfies diversity requirements; and because company a is incorporated and has its headquarters in a state other than south carolina, the case may be properly removed to federal court.because the amount in controversy satisfies diversity requirements and company a is incorporated in a state other than south carolina, the case may be properly removed to federal court regardless of where company a's headquarters, nerve center, or principal place of business is located.because the amount in controversy satisfies diversity requirements and company a is headquartered in a state other than south carolina, the case may be properly removed to federal court regardless of where company a is incorporated and regardless of the location of its nerve center.because the amount in controversy fails to satisfy jurisdictional requirements, regardless of the location of company a, the case may not be removed to federal court.