Acom Curtipsy, The Acquisition Adjustments Adjustod Casti Accounts Receivable Inventory Other Current Assets Acorn Company, Inc. (AC) was just acquired by Major Company for a purchase price of $14,000,000 The purchase price was paid in cash to AC's existing stockholders, all of the outstanding common stock was acquired by Major. A valuation company hired by Major provided estimated values for all assets and liabilities. Land Buildings liquipment Accumulated Depreciation 12/31/2021 $ 1,000 26.000 184,000 21,000 232.000 1.500.000 3,200,000 4.600,000 (3.50X1.100) 5.800.000 1.200.000 (900.000) 300.000 Valuations are provided below. For any asset or liability not included, assume that book value is equal Patcuts Accumulated Amortization Fair value ut 12/31/21 25.950 238.000 2.000.000 2.900.000 1.200,000 100.000 3.700.000 Total Assets Assct Liability Accounts Receivable Inventory Land Buildings Equipment Patents Lotyle Debt $ 6,332,000 $ Accounts Payable Acerured Expense Libility Other Curent Liabilities 75.000 95,000 56,000 226.000 Unrecognized patent 4...50.COM Long-teran Debt Deferred Income Taxes 3,400.000 251,1100 Common Stock Additional Paid-In Capital Rotained Eaminca 1,1100 1.350.000 1.105.000 2.456,000 Your assignment: Adjust AC's 12/31/21 statement of financial position to reflect its acquisition by Major Company. I ENCOURAGE you to have a column for adjustments (two if you wish), with a column for the final adjusted statement of financial position. If any of your adjustments need explanation, add it below the statement and reference the adjustment to which it applies. Total Libilities and Equity 56,332,000