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Blue Corporation acquired controlling ownership of Skyler Corporation on December 31, 20X3, and a consolidated balance sheet was prepared immediately. Partial balance sheet data for the two companies and the consolidated entity at that date follow:

BLUE CORPORATION AND SKYLER CORPORATION
Balance Sheet Data
December 31, 20X3
Item	Blue Corporation			Skyler Corporation			Consolidated Entity
Assets
Cash	$	63,650		$	35,000		$	98,650
Accounts Receivable		98,000			?			148,000
Inventory		105,000			80,000			195,000
Buildings & Equipment		400,000			340,000			640,000
Less: Accumulated Depreciation		(215,000	)		(140,000	)		(215,000	)
Investment in Skyler Corporation Stock		?
Goodwill								9,000
Total Assets	$	620,000		$	380,000		$	875,650
Liabilities & Equities
Accounts Payable	$	115,000		$	46,000		$	146,000
Wages Payable		?			?			94,000
Notes Payable		200,000			110,000			310,000
Common Stock		120,000			75,000			?
Retained Earnings		115,000			125,000			?
Noncontrolling Interest								90,650
Total Liabilities & Equities	$	?		$	380,000		$	875,650

During 20X3, Blue provided engineering services to Skyler and has not yet been paid for them. There were no other receivables or payables between Blue and Skyler at December 31, 20X3.

Required:

a.	What is the amount of unpaid engineering services at December 31, 20X3, on work done by Blue for Skyler?

b.	What balance in accounts receivable did Skyler report at December 31, 20X3?

c.	What amounts of wages payable did Blue and Skyler report at December 31, 20X3?

d.	What was the fair value of Skyler as a whole at the date of acquisition?

e.	What percentage of Skylers shares were purchased by Blue?

f.	What amounts of capital stock and retained earnings must be reported in the consolidated balance sheet?

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