All Company acquired Khalifa Company in a statutory merger. In payment, All Co.Issued 100,000 shares of $3 par share capital. At the time of the merger, All Company stock was selling for $12 per share. On the acquisition date, balance sheet amounts for both All Company and Khalifa Company are given below All Co. Khalifa Co. Khalifa Co. Book Values Book Values Fair Values 160,000 105,000 150,000 200,000 100,000 300,000 60,000 Cash & Receivables Inventory Land Plant & Equipment Accumulated Depreciation Total Assets Accounts Payable Bonds Payable Discount on Bonde Share Capital Share Premium Retained Earnings Total Liab. & Equity 400,000 262,500 150,000 1,000,000 (375,000) 1,437,500 125,000 250,000 400,000 (150,000) 575,000 50,000 40,000 100,000 115,000 (12,500) 250,000 (5,000) 100.000 60,000 150,000 270,000 675,000 1,437,500 575,000 What will be the total balance in the share premium account in the books of Ali after the acquisition? $150,000 $900,000 $1,200,000 O $1,050,000 QUESTION 28 Refer to the All Khalifa question above. What will be the total balance in the share capital account in the books of Ali after the acquisition? $250,000 O $1,200,000 $550,000 $300,000 QUESTION 29 Refer to the All/Khalifa question. What will be the total balance in the goodwill account in the books of Al after the acquisition? $605,000 $695,000 $0 because goodwill will not be recorded in this case, $595,000 QUESTION 30 Refer to the All Khalifa question. What will be the total balance in the cash account in the books of All after the acquisition? $400,000 $160,000 $580,000 $550,000