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Determine the value that would be shown in Padres Consolidated financial statements for each of the accounts listed. Following are preacquisition ances for Padre Company

Determine the value that would be shown in Padres Consolidated financial statements for each of the accounts listed.

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Following are preacquisition ances 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 $ 508, 880 57, 350 57, 350 Receivables 234, 750 304, 860 304, 890 Inventory 412, 580 238, 860 286, 500 Land 725, 800 154, 860 133, 090 Building and equipment (net ) 685, 800 407, 060 476, 780 Franchise agreements 274, 890 226, 060 257, 800 Accounts payable 380, 090) (195, 000) ( 195, 080) Accrued expenses ( 145, 080) (62, 750) (52, 750) Longterm liabilities ( 917, 500) ( 565, 090 ) 565, 080) Common stock-$20 par value 668, 080) Common stock-$5 par value (210, 080 Additional paid-in capital (70, 806) (90, 800 ) Retained earnings, 1/1 (627, 590) (255, 000) Revenues ( 968, 250) (420, 600) Expenses 928, 090 392, 080 Note: Parentheses indicate a credit balance. On December 31, Padre acquires Sol's outstanding stock by paying $412.000 in cash and issuing 10,200 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $22,800 as well as $10,500 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 mounts as positive values.) Worksheet Inventory wedings and equipment Franchise agree

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