a. What number of shares did Plend issue to acquire Storks assets and liabilities?

b. What was the total market value of the shares issued by Plend?

c. What was the fair value of the inventory held by Stork at the date of combination? d. What was the fair value of the identifiable net assets held by Stork at the date of combination?

e. What amount of goodwill, if any, will be reported by the combined entity immediately following the combination?

f. What balance in retained earnings will the combined entity report immediately following the combination? g. If the depreciable assets held by Stork had an average remaining life of 10 years at the date of acquisition, what amount of depreciation expense will be reported on those assets in 20X2?

On January 1, 20X2, Plend Corporation acquired all of Stork Corporation's assets and liabilities by issuing shares of its common stock. Partial balance sheet data for the companies prior to the business combination and immediately following the combination are as follows: Plend Corp. Book Value Stork Corp. Book Value Combined Entity $ 53,000 73,000 63,000 313,000 $ 23,000 43,000 48,000 123,000 $ 76,000 114,000 122,000 456,000 $502,000 $237,000 Assets Cash Accounts Receivable Inventory Buildings & Equipment (net) Goodwill Total Assets Liabilities and Equities Accounts Payable Bonds Payable Bond Premium Common Stock, $5 par Additional Paid-In Capital Retained Earnings Total Liabilities & Equities $ 27,000 83,000 $ 45,000 163,000 5,000 113,000 78,000 98,000 $502,000 $ 72,000 246,000 5,000 141,000 346,800 53,000 41,000 33,000 $ 237,000 On January 1, 20X2, Plend Corporation acquired all of Stork Corporation's assets and liabilities by issuing shares of its common stock. Partial balance sheet data for the companies prior to the business combination and immediately following the combination are as follows: Plend Corp. Book Value Stork Corp. Book Value Combined Entity $ 53,000 73,000 63,000 313,000 $ 23,000 43,000 48,000 123,000 $ 76,000 114,000 122,000 456,000 $502,000 $237,000 Assets Cash Accounts Receivable Inventory Buildings & Equipment (net) Goodwill Total Assets Liabilities and Equities Accounts Payable Bonds Payable Bond Premium Common Stock, $5 par Additional Paid-In Capital Retained Earnings Total Liabilities & Equities $ 27,000 83,000 $ 45,000 163,000 5,000 113,000 78,000 98,000 $502,000 $ 72,000 246,000 5,000 141,000 346,800 53,000 41,000 33,000 $ 237,000