To expand its product line, Dorchester Manufacturing Ltd. (Dorchester) purchased 100 percent of the outstanding shares of Hardisty Inc. (Hardisty). Dorchester paid $3,500,000 cash for the shares. The...

To expand its product line, Dorchester Manufacturing Ltd. (Dorchester) purchased 100 percent of the outstanding shares of Hardisty Inc. (Hardisty). Dorchester paid $3,500,000 cash for the shares. The following information was obtained as of the date Hardisty was acquired and was prepared before the purchase occurred:Required:Calculate the amounts that would appear on Dorchester’s consolidated balance sheet on the date it acquiredHardisty.

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To expand its product line Dorchester Manufacturing Ltd Dorchester purchased