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Calculate the percentage of Blossom acquired by Splish Company. Percentage of Blossom acquired % LISH COMPANY AND SUBSIDIARY BLOSSOM Consolidated Balance Sheet Workpaper January 1, 2024 Eliminations Noncontrolling Consolidated Balance On January 1, 2024, Splish Company purchased 8,704 shares of Blossom Company's common stock for $115,000. Immediately after the stock acquisition, the statements of financial position of Splish and Blossom appeared as follows: SPLISH COMPANY AND SUBSIDIARY BLOSSC Consolidated Balance Sheet Workpaper January 1, 2024 Cash Accounts Receivable Inventory Investment in Blossom Difference between Implied and Book Value Plant Assets Accumulated Depreciation Total Current Liabilities Mortgage Note Payable Common Stock: Splish Company Blossom Company Other Contributed Capital Splish Company Blossom Company RetainedEarnings: Splish Company Splish Company Blossom Company Other Contributed Capital Splish Company Blossom Company Retained Earnings: Splish Company Blossom Company Noncontrolling Interest Total 112,790 108,800 131,110 56,330 11,600 Save for Later Attempts: 0 of 1 used Submit Answer Prepare a schedule to compute the difference between book value of equity and the value implied by the purchase price. Any difference between the book value of equity and the value implied by the purchase price relates to subsidiary plant assets. Attempts: 0 of 1 used

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