32.SafeData Corporation has the following account balances and respective fair values on June 30: Book Values Fair Values Receivables $80,000 100,000 0 $ 80,000 700,000 .. .. 500,000 300,000 (400,000) In-process research and development. Liabilities. . Common stock (400,000) (100,000) (300,000) 700,000 Retained earnings deficit, 1/1. Revenues . . (300,000) 220,000 Expenses Privacy First, Inc., obtained all of the outstanding shares of SafeData on June 30 by issuing 20,000 shares of common stock having a SI par value but a $75 fair value. Privacy First incurred S10,000 in stock issuance costs and paid $75,000 to an investment banking firm for its assistance in arranging the combination. In negotiating the final terms of the deal. Privacy First also agrees to pay $100,000 to SafeData's former owners if it achieves certain revenue goals in the next two years. Privacy First estimates the probability adjusted present value of this contingent performance obligation at $30.000. what is the fair value of the consideration transferred in this combination? a, b. How should the stock issuance costs appear in Pnivacy First s postcombination financial statements? c. How should Privacy First account for the fee paid to the investment bank