A) $796,800

B) $914,900

5. value 10.00 polnts On May 1, Soriano Co. reported the following account balances along with their estimated fair values Receivables Inventory Copyrights Patented technology S 196,000 $ 196,000 85,000 613,000 656,000 85,000 171,000 874,000 Total assets s 1,326,000 1,550,000 S 216,000 $ 216,000 725,600 Current liabilities Long-term liabilities Common stock Retained earnings 742,000 100,000 268,000 Total liabilities and equities s 1,326,000 On that day, Zambrano paid cash to acquire all of the assets and liabilities of Soriano, which will cease to exist as a separate entity. To facilitate the merger, Zambrano also paid $125,500 to an investment banking firm The following information was also available . Zambrano further agreed to pay an extra $78,200 to the former owners of Soriano only if they meet certain revenue goals during the next two years. Zambrano estimated the present value of its probability adjusted expected payment for this contingency at $39,100 Soriano has a research and development project in process with an appraised value of $249,000 However, the project has not yet reached technological feasibility and the projects assets have no alternative future use Prepare Zambrano's journal entries to record the Soriano acquisition assuming its initial cash payment to the former owners was (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)