11. Fortuna Company issued 70,000 shares of $1 par stock, with a fair value of $20 per shure, for 81% of the outstanding shares of Aonppelin Company. The firms had the following separate balance sheets prior to the soquisition: Copyroht Con Lawning. Powered by Cognero, Page 3 Assets Fortuna Acappella Current assets $2,100,000 $ 960,000 Property, plant, and equipment (net) 4,600,000 1,300,000 Goodwill 240,000 Total assets $6.700.000 $2.500.000 Liabiles and Stockholders' Equity Liabilities $3,000,000 $ 800,000 Common stock (S1 par) 800,000 Common stock ($5 par) 200,000 Paid-in capital in excess of par 2,200,000 300,000 Retained camings 700.000 1.200.000 Total liabilities and equity $6.700.000 $2.500.000 Book values equal fair values for the assets and liabilities of Acappella Company, except for the property, plant, and equipment, which has a fair value of $1,600,000 Required: Prepare a value analysis schedule b. Prepare a determination and distribution of excess schedule a