On June 30, 2017, Wisconsin, Inc., issued $300,000 in debt and 15,000 new shares of its $10 par value stock to Badger Company owners in exchange for all of the outstanding shares of that company. Wisconsin shares had a fair value of $40 per share. Prior to the combination, the financial statements for Wisconsin and Badger for the six-month period ending June 30, 2017, were as follows:WisconsinBadgerRevenues$ (9 00,000)$ (300,000)Expenses  660,000   200,000  Net income$ (240,000)$ (100,000)Retaine d earnings, 1/1$ (800,000)$ (200,000)Net income  (240,000) (100,000)Dividends declared  90,000   –0– Retained earnings, 6/30$ (950,000)$ (300,000)Cash$ 80,000 $ 110,000 Receivables and inventory  400,000   170,000Patented technology (net)  900,000   300,000Equipment (net)  700,000   600,000 Total assets$ 2,080,000 $ 1,180,000Liabilities$  (500,000)$ (410,000)Common stock  (360,000) (200,000)Additional paid-in capital  (270,000) (270,000)Retained earnings (950,000)(300,000) Total liabilities and equities$ (2,080,000)$ (1,180,000)Wisconsin also paid $30,000 to a broker for arranging the transaction. In addition, Wisconsin paid $40,000 in stock issuance costs. Badger’s equipment was actually worth $700,000, but its patented technology was valued at only $280,000.What are the consolidated balances for the following accounts?Net income. Retained earnings, 1/1/17.Patented technology. Goodwill. please explain this one better thank youLiabilities. Common stock. Additional paid-in capital.