26. Asset acquisition vs. stock acquisition (fair value is different from book value) The following financial statement information is for an investor company and an investee company on January 1, 2016. On January 1, 2016, the investor company's common stock had a traded market value of $35 per share, and the investee company's common stock had a traded market value of $31 per share. Book Values Fair Values Investor Investee Investor Investee Receivables& inventories $150,000 75,000 135,000 $ 67,500 450,000225,000 375,000 195,000 225,000 120,000 300,000 150,000 Land Property & equipment Trademarks & patents Total assets. $787.500 $375,000 $1.185.000 $607,500 $225,000 $120,000 270,000 $142,500 Liabilities Common stock ($1 par) 30,000 15,000 420,000 225,000 112,500 15,000 $787,500 $375,000 Retained earnings. Net assets $562,500 $255,000$ 915,000 $465,000 36 Chapter 1 | MacBook Air FS 4