3 Following are preacquisition financial balances for Padre Company and Sol Company as of December 31. Also included are fair values for Sol Company accounts. ts eflook Print Cash Receivables Inventory Land Padre Company Book Values 12/31 $ 400,000 220,000 Sol Company Book Values 12/31 $ 120,000 300,000 Fair Values 12/31 $ 120,000 300,000 410,000 210,000 260,000 600,000 130,000 110,000 Building and equipment (net) I 600,000 270,000 330,000 Franchise agreements 220,000 190,000 220,000 eferences Accounts payable (300,000) (120,000) (120,000) Accrued expenses. (90,000) (30,000) Long-term liabilities (900,000) (510,000) (30,000)) (510,000) Common stock-$20 par value (660,000) Common stock-$5 par value (210,000)) Additional paid-in capital (70,000) (90,000) Retained earnings, 1/1 (390,000) (240,000) Revenues (960,000) (330,000) 920,000 310,000 Note: Parentheses indicate a credit balance. On December 31, Padre acquires Sol's outstanding stock by paying $360,000 in cash and issuing 10,000 shares of its own common stock with a fair value of $40 per share, Padre paid legal and accounting fees of $20,000 as well as $5,000 in stock issuance costs. Determine the value that would ha shown in Padre's consolidated financial statements for each of the accounts listeri linnut all amounts as positive values.) Inventory Land Accounts Buildings and equipment $ Amounts 670,000 $ 710,000 EA $ 930,000 Franchise agreements $ 440,000 Goodwill $ Revenues $ 69 SA 80,000 960,000 Additional paid-in capital Expenses $ 940,000 Retained earnings, 1/1 $ 390,000 Retained earnings, 12/31