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Required Information [The following information applies to the questions displayed below.] Pumpworks Incorporated and Seaworthy Rope Company agreed to merge on January 1, 20X3. On the date of the merger agreement, the companies reported the following data: Pumpworks has 10,400 shares of its $20 par value shares outstanding on January 1,203, and Seaworthy has 4,400 shares of $5 par value stock outstanding. The market values of the shares are $320 and $70, respectively. Required: a. Pumpworks issues 800 shares of stock in exchange for all of Seaworthy's net assets. Prepare a balance sheet for the combined entity Immedlately following the merger. Note: Amounts to be deducted should be Indlcated by minus sign