advanced accounting

Jose SA Jose SA (Book Value) Carlos SA Carlos SA (Fair Value) (Book Value) (Fair Value) Cash $2,000 $1,000 Retained Ean Other current assets $2,000 13,000 $1,000 9,000 20,000 8.000 Plant assets 15,000 Current liabilities 20,000 12,000 5,000 10,000 4.000 13,000 Other liabilities 12,000 2,000 4,000 REQUIRED: Prepare the necessary the acquisition. 12,000 8,000 Common stock, $10 par 10,000 13,000 Retained earnings 3,000 5,000 4,000 P1-2 Balance sheet after an acquisition On December 31, Jose SA acquired Carlos SA by issuing 200,000 common shares with a par value of $10. The market value for these common shares was $10,000,000 at the date of acquisition. Below REQUIRED: Prepare the balance sheet after the acquisition. is the balance sheet and fair value information for Jose SA and Carlos SA immediately before the acquisition (in thousands)