Check my work On January 1, 2018, Marshall Company acquired 100 percent of the outstanding common stock of Tucker Company. To acquire these shares, Marshall issued $301,000 in long-term liabilities and 20,000 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Marshall paid $22,500 to accountants, lawyers, and brokers for assistance in the acquisition and another $7,500 in connection with stock issuance costs Prior to these transactions, the balance sheets for the two companies were as follows Marshall Company Tucker Company Cash Receivables Inventory Land Buildings (net) Equipment (net) Accounts payable Long-term liabilities Common stock-$1 par value Common stock-$2e par value Additional paid-in capital Retained earnings, 1/1/18 Book Value Book Value $73,500 $ 32,6ee 159,800 219,000 212,000 280,800 51,000 (64,200) (448,800 301,000) 290,000 445,eee 250,000 424,000 252,808 (237,000) (110,000) (360,eee) (120,e00) (579,5ee) (468,400) Note: Parentheses indicate a credit balance In Marshall's appraisal of Tucker, it deemed three accounts to be undervalued on the subsidiary's books: Inventory by $6,600