12. Following are pre-acquisition financial balances for Parrot Company and Son Company as of December 31. Also included are fair values for Sun Company accounts.

		Sun Company
	Parrot Company Book Values	Book Value	Fair Value
	12/31	12/31	12/31
Cash	$290.000	$120.000	$120.000
Receivables	$220.000	$300.000	$300.000
Inventory	$410.000	$210.000	$260.000
Land	$600.000	$130.000	$110.000
Building and equipment (net)	$600.000	$270.000	$330.000
Franchise agreements	$220.000	$190.000	$220.000
Accounts payable	($190.000)	($120.000)	($120.000)
Accrued expenses	($90.000)	($30.000)	($30.000)
long-term liabilities	($900.000)	($510.000)	($510.000)
Common stock-$20 per value	($600.000)
Common stock-$5 per value		($210.000)
Additional paid-in-capital	($70.000)	($90.000)
Retained earnings, 1/1	($390.000)	($240.000)
Revenue	($960.000)	($330.000)
Expenses	$920.000	$310.000

On December 31, Parrot acquires Suns outstanding stock by paying $360,000 in cash and issued 10,000 shares of its own common stock with a value of $40 per share. Parrot paid legal and accounting fees of $20,000 as well as $5,000 in stock issuance costs.

In the following situations, determine the value that would be shown in consolidated financial statements for each of the accounts listed.

Accounts

Inventory Revenues

Land Additional paid-in capital

Buildings and equipment Expenses

Franchise agreements Retained earnings, 1/1

Goodwill