POOLING OF INTERESTS. Coopers Company and Avery, Inc., enter into a business combination that is to be accounted for as a pooling of interests. One share of Coopers stock is exchanged for every share of Avery stock, and Avery ceases to exist as a separate corporation. Just before the combination, Avery’s stockholders’ equity totals $470,000. Avery’s stockholders receive 25,000 shares of Coopers’ stock, which has a par value of $10 per share and a market value of $24 per share.

REQUIRED:

Prepare the entry to record the pooling of interests on the record of Coopers Company.

(Record assets and liabilities on a single line labeled “Identifiable assets and liabilities, various accounts.”)