Dr. Cash 600,000.

00
Accounts receivable 400,000.00
Inventory 200,000.00
PPE 1,500,000.00
Goodwill 300,000.00
Cr. Other liabilities 500,000.00
Cash 2,500,000.00
3,000,000.00 3,000,000.00

Dr. Expense 40,000.00

Cr. Cash 40,000.00
1.
Consideration 2.00
No. of issued shares times fair value (20,000*67.50) 1,350,000.00 Cash - Sunjie
Fair value of CC 750,000.00 Cash - Athena
Total acquisition cost/Consideration 2,100,000.00 Total
FV of NA (Athena) Paid acquisition 574,000.00
Assets 2,860,000.00
Liabilities 965,000.00 1,895,000.00
205,000.00 3.00
Inventory - Sunj@BV
4. Inventory - Ath @FV
PPE - Sunjie @BV 2,800,000.00
PPE- Athena @fv 2,318,000.00 5
5,118,000.00 Equpment - Sun@BV 700,000.00
 Equipment - At @FV 360000
1,060,000.00
6
NP - Sunjie @BV 937,500.00 7 Sunjie - BV Athena - FV
NP =- ATHENA@fv 765,000.00 AP 312500 200000 512,500.00
1,702,500.00 NP 937500 765000 1,702,500.00
CC 750,000.00
2,965,000.00

8
SC - Sunjie 2,000,000.00
New share issuance (ISSUED SHARES * par v 1,000,000.00
3,000,000.00

9 10
SP - Sunjie 1,000,000.00 RE - Sunjie
New share issuance (20000*17. 350,000.00 Expense - acquisition related cost
Share issuance related cost (320,400.00) RE - total
(35,000.00)
994,600.00
 Dr. CASH 45000
Dr. A/R 54,000.00
Dr. Invty 78,000.00
Dr. Prepaid exp 5,000.00
Land 1,550,000.00
Bldg 768,000.00
Equipment 360,000.00
Dr. GW 205000
Cr. A/P 200000
Cr. NP 765000
Cr. Share capital @PV 1,000,000.00
Cr. Share premium @FVlessPV 350,000.00
Cr. Contingent liab 750,000.00

Dr. Expense 218600

Dr. SP 355400
Cr. Cash 574000

Cash $111,000.00
Invty $553,000.00
Land & bldg $5,118,000.00
Equipment $1,060,000.00
NP $1,702,500.00
Liabilities $2,965,000.00
SC $3,000,000.00
SP $994,600.00
RE $531,400.00
Total assets $7,491,000.00

640,000.00
45,000.00
685,000.00
(574,000.00)
111,000.00

475,000.00
78000
553,000.00
 11
Sunjie - total assets @BV 5,000,000.00
Athena @ FV 2,860,000.00
GW 205,000.00
Share issuance cost (355,400.00)
Expenses paid (218,600.00)
7,491,000.00

750000
218600
531400
/