Consolidation with Identifiable Intangibles Look at Review 2-1 in Chapter 2, where IBM acquires SoftCloud Technologies for $1.20 billion in cash. Assume IBM acquires all of SoftClouds stock in a stock investment. Information on book values for both companies and fair values of SoftClouds assets and liabilities is below. Balance Sheets of IBM and SoftCloud, Immediately After the Acquisition IBM SoftCloud Book Value Book Value Fair Value (in millions) Dr (Cr) Dr (Cr) Dr (Cr) Cash and receivables $800 $400 $400 Inventories 6,000 850 800 Property, plant and equipment, net 25,000 2,900 3,500 Investment in SoftCloud 1,200 0 0 Accounts payable (7,000) (300) (300) Long-term debt (22,000) (3,500) (3,850) Common stock, par value (100) (10) Additional paid-in capi