Accounting for a Merger On December 31, 2018, SDA Corp paid $2,800,000 to Pathfinder Technology shareholders to acquire 100% of the net assets of Pathfinder Technology. Assuming there are no other substantial expenses incurred, record the merger using the financial statement effects template. Identify each entry clearly. The following are Pathfinder Technologys Book values and Fair values of essential financial figures:

Pathfinder Technology Book Value 12/31/2018 Fair Value 12/31/2018 Cash $ 500,000.00 $ 500,000.00 Receivables $ 400,000.00 $ 400,000.00 Inventory $ 1,250,000.00 $ 1,700,000.00 PP&E $ 1,500,000.00 $ 2,000,000.00 Unpatented Technology $ $ 350,000.00 In-Process R&D $ $ 250,000.00 Total Assets $ 3,650,000.00 $ 5,200,000.00 Accounts Payable $ Notes Payable $ Total Liabilities $ (350,000.00) $ (2,000,000.00) $ (2,350,000.00) $ (350,000.00) (2,250,000.00) (2,600,000.00) Common stock ($1 par) $ Additional Paid-in Capital $ Retain Earnings $ Revenues $ Expenses $ Total Shareholders' Equity $ (100,000.00) (600,000.00) (450,000.00) (2,125,000.00) 1,650,000.00 (1,625,000.00) revenues, gains, and net income are in parentheses to indicate that their signs are opposite those of expenses and losses; that is, they are credits for those interpreting the worksheet from the accountant's traditional debit/credit approach. Liabilities and shareholders' equity accounts are in parentheses to indicate that they are claims against assets; again, they are credits in the traditional debit/credit sense