C Following are preacquisition financial balances for Padre Company and Sol Company as of December 31. Also included are fair values for Sol Company accounts. Padre Company Sol Company Book Values Book Values Fair Values 12/31 12/31 12/31 Cash 306,750 62, 450 $ 62, 450 Receivables 257 , 250 376, 090 376, 060 Inventory 590, 090 291, 090 344, 200 Land 805, 000 140, 000 119, 800 Building and equipment (net) 697 , 500 335, 090 402, 500 Franchise agreements 230, 060 250, 090 285, 200 Accounts payable (364, 000 (205, 090) (205, 060) Accrued expenses (156,000) (39,750) (39, 750) Longterm liabilities (955, 000) (585,000) (585, 000) Common stock-$20 par value (660,000) Common stock-$5 par value (210,000) Additional paid-in capital (70,000) (90, 000) Retained earnings, 1/1 (625, 090) (297, 000) Revenues (990, 500) (364, 700) Expenses 934, 000 337 , 000 Note: Parentheses indicate a credit balance. On December 31, Padre acquires Sol's outstanding stock by paying $137,000 in cash and issuing 17,700 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $25,400 as well as $9,900 in stock issuance costs. Determine the value that would be shown in Padre's consolidated financial statements for each of the accounts listed. (Input allOn December 31, Padre acquires Sol's outstanding stock by paying $137,000 in cash and issuing 17,700 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $25,400 as well as $9,900 in stock issuance costs Determine the value that would be shown in Padre's consolidated financial statements for each of the accounts listed. (Input all amounts as positive values.) Accounts Amounts Inventory Land Buildings and equipment Franchise agreements Goodwill Revenues Additional paid-in capital Expenses Retained earnings, 1/1 Retained earnings, 12/31