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Jet Corp. acquired all of the outstanding shares of Nittle Inc. on January 1, 2007, for $644,000 in cash.

43. Jet Corp. acquired all of the outstanding shares of Nittle Inc. on January 1, 2007, for $644,000 in cash. Of this price, $42,000 was attributed to equipment with a ten-year remaining useful life. Goodwill of $56,000 had also been identified. Jet applied the equity method .

On January 1, 2010, Jet reported $280,000 in bonds outstanding with a book value of $263,200. Nittle purchased half of these bonds on the open market for $135,800.

During 2010, Jet began to sell merchandise to Nittle. During that year, inventory costing $112,000 was transferred at a price of $140,000. All but $14,000 (at selling price) of these goods were resold to outside parties by year's end.

Nittle still owed $50,400 for inventory shipped from Jet during December.

The following financial figures were for the two companies for the year ended December 31, 2010.


Jet Corp. Nittle Inc.
Revenues $(894,600) $(652,400)
Cost of goods sold 483,000 277,200
Expenses 187,600 225,400
Interest expense-bonds 33,600 0
Interest income-bond investment 0 (15,400)
Net income $(355,600) $ (165,200)

Dividend paid 217,000 85,400

Cash and receivables $186,200 $109,200
Inventory 239,400 121,800
Investment in Jet Corp. bonds 0 137,200
Land, buildings, and equipment (net) 348,600 757,400

Accounts payable $(315,000) $(232,400)
Bonds payable (280,000) 0
Discount on bonds payable 11,200 0
Common stock (420,000) (168,000)














Required:Provide Consolidated Totals that would appear on the consolidated financial statements for the following accounts:
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