Balance sheets for Salt Company and Pepper Company on December 31, 2013, follow: Salt Pepper ASSETS Cash $95,660 $190,160 Receivables 128,470 233.640 Inventories 137,330 229.251 Plant assets 647,280 1.202.240 $1,855,291 Total assets $1,008,740 EQUITIES Accounts payable $168,500 $232,575 Mortgage payable 161,860 162,440 Common stock, $20 par value 369,120 877.300 Other contributed capital 177,310 247,620 131,950 Retained earnings 335.356 $1,008,740 $1,855,291 Total equities Pepper Company tentatively plans to issue 32,430 shares of its $20 par value stock, which has a current market value of $34 per share net of commissions and other issue costs. Pepper Company cash payment of $862,900 and $294,500 in long-term 8 % notes payable. Pepper Company's receivables include e by t C pany Pepper Company is willing to pay more than the book value of Salt Company assets because plant assets are undervalued by $212,300 and Salt Company has then plans to acquire the assets and assume the liabilities of Salt Company for Prepare a pro forma balance sheet showing the effects of these planned transactions. (If an amount reduces the account balance then enter with negative sign preceding the number e.g. -5,125 e.g. (5,125).) parenthese PEPPER COMPANY Giving Effect to Proposed Issue of Common Stock and Note Payable for All of the Common Stock Salt Company under Purchase Accounting December 31, 2013 Audited Pro Forma NEXT CALCULATOR BACK PRINTER VERSIOoN Pro Forma Baln Giving Effect to Proposed Issue of Common Stock and Note Payable for eet All of the Common Stock nder Purchase Accounting December 31. 2013 Audited Pro Forma Balance Sheet Adjustments Balance Sheet $190.160. Cash 335380 525540 Receivables 233,640 128470 362110 Inventories 229.251 137330 366581 Plant Assets 1.202.240 434980 1637220 Goodwill 211190 211190 Total Assets 1,855,291 Accounts Payable 232,575 112970 345545 0 Notes Payable, 8% 294500 294500 324300 Mortgage Payable 162.440 161860 Common Stock, $20 par 877.300 1102620 1979920 Additional Paid-in Capital 247,620 247620 Retained Earnings 335.356 335356 Total Liabilities and Equity 1.855.291