2 2 points Check my work On January 1, 2021, the Moody Company entered into a transaction for 100% of the outstanding common stock of Osorio Company. To acquire these shares, Moody Issued $400 in long-term liabilities and also issued 40 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Moody paid $20 to lawyers, accountants, and brokers for assistance in bringing about this acquisition Another $15 was paid in connection with stock issuance costs. Prior to these transactions, the balance sheets for the two companies were as follows: Cash HO Priet Receivables Inventories Land Buildings (net) Equipment (net) Accounts payable Long-term liabilities Moody $ 180 Osorio $ 40 810 180 1,080 280 600 360 1,260 440 480 100 (450) (80) (1,290) (400) Common stock ($1 pac) (330) Common stock ($20 par) (240) Additional paid-in capital (1,080) (340) Retained earnings (1,260) (340)