Check my work 6 10 posts On May 1 Soriano Co reported the following account balances along with their estimated fair values Carrin Fair value Receivable 941,300 3 141,300 Inventory 80.200 20,200 Copyright 153.500 605,500 Patented technology 219.000 710.000 Total assets 11,202,00 12.000 Current liabilities 1304,00* 204,000 Long-term liabilities 730,000 127.000 Comon stock 100,000 Tetained saring 250,00 Total liabilities and equities $1.232.000 . On that day, Zambrano paid cash to acquire all of the assets and liabilities of Soriano, which will cease to exist as a separate entity. To facilitate the merger, Zambrano also paid $134,000 to an investment banking firm, The following information was also available: Zambrano further agreed to pay an extra $89.400 to the former owners of Soriano only if they meet certain revenue goals during the next two years Zambrano estimated the present value of its probability adjusted expected payment for this contingency at $44,700 Sorlono has a research and development project in process with an appraised value of $241500. However, the project has not yet reached technological feasibility and the project's assets have no alternative future use a&b. Prepare Zambrano's journal entries to record the Soriano acquisition assuming its initial cash payment to the former owners was ( 5786 400 & $892,600 of no entry is required for a transactionlevent, select "No journal entry required in the first account field.) View transaction lit