Alfonso inc acquire 100 percent of the voting shares of BelAire Company on January 1.2020. In exchange, Alfonso paid $548,750 in cash and issued 100,000 shares of its own $1 par value common stock. On this date, Alfonso's stock had a fair value of $15 per share The combination is a statutory merger with BetAire subsequently dissolved as a legal corporation. BelAire's assets and liabilities are assigned to a new reporting unit The following shows fair values for the BelAire reporting unit for January 1.2020 along with respective carring amounts on December 31,2021 Note: Parentheses indidate a credit balande Note' Enter cash paid ana cash efeive as as two separate amounts Alfonso inc acquire 100 percent of the voting shares of BelAire Company on January 1.2020. In exchange, Alfonso paid $548,750 in cash and issued 100,000 shares of its own $1 par value common stock. On this date, Alfonso's stock had a fair value of $15 per share The combination is a statutory merger with BetAire subsequently dissolved as a legal corporation. BelAire's assets and liabilities are assigned to a new reporting unit The following shows fair values for the BelAire reporting unit for January 1.2020 along with respective carring amounts on December 31,2021 Note: Parentheses indidate a credit balande Note' Enter cash paid ana cash efeive as as two separate amounts