Accounting for a controlling financial interest An acquiring company losues 640,000 shares of $1.00 par value common stock to acquire 100w of the voting common stock of an ifvestee compary in a transaction that qualifes as a business combination. The fair value of the acquiring company's common stock is $11.00 per share. Drect legal and consulting fees incurred pursuant to the combination are sid4,coo. Direct regstration and issuance costs for the acquiring conpary's common stock are 580,000 , The transaction did not result in goodwill recognition or barzain gain recognition. What is the total amount of net assets recognized as a result of this business combination? 65640,00057,184,00057,040,00057,264,000