Q4/ On November 1, 2005, Prox Corporation issued 10,000 shares of its $10 par ($30 current fair value) common stock for 85 of the 100 outstanding shares of Senna Company's $100 par common stock, in a business combination. Out-of-pocket costs of the business combination were as follows: Legal and finder's fees associated with the business combination $ 36,800 Costs incurred for SEC registration statement for Prox Common Stock 20,000 Total out-of-pocket costs of business combination $ 85,000 On November 1, 2005, the current fair values of Senna's identifiable net assets were equal to their carrying amounts. On that date, Senna's stockholders' equity consisted of the following: Common stock, $100 par $ 10,000 Additional paid-in capital 140,000 Retained Earnings 70,000 $220,000 Total stockholders equity Instruction: Prepare journal entries for Prox Corporation on November 1, 2005, to record the business combination with Senna Company. (Disregard income taxes.)