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Problem 4-1 (LO 2) 100%, equity, ending inventory. On January 1, 2015, 100% of the outstanding stock of Solo Company was purchased by Plato Corporation for Ar that time, the book value of Solo's net assets equaled $3.000,000. The excess was attributable $3,300,000. to equipment with a 10-year life. The following trial balances of Plato Corporation and Solo Company were prepared on December 31, 2015: Plato Corporation Com Solo pany 370,000 Cash Accounts Receivable Inventory. 735,000 400,000 365,000 600,000 275, (continued)
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