Center Company and North Corporation agreed to merge on January 1. 20X1, in a business combination recorded as a pooling of interests. Abbreviated balance sheet data for the two companies included the following:

The acquisition is completed by exchanging shares of Center Company's SIO par value common stock for the net assets of North Corporation.

Required Prepare the stockholders' equity section of the balance sheet for the combined company if Center Company issues the following number of shares:

a. 8,000 shares.

b. 12,000 shares.
C-. 16,000 shares.

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Center Balance Sheet Item Company North Corporation Net Assets $550,000 $250.000 Common Stock $200.000 $100.000 Additional Paid-In Capital 20,000 10.000 Retained Earnings 330.000 140.000 Total Equities $550,000 $250.000