Enya 20X Corporation acquired 100 percent of Celtic Corporation's common stock on January 1, 9. Summarized balance sheet information for the two companies immediately after the combination is nrovided Enya Corp. Celtic Corporation Item Cash and Recievables Inventory Buildings and Equipment (net) Investment in Celtic Stock Total Accounts Payable Bonds Payable Common Stock Retained Earnings Total Book Value Fair Value $15,000 $15,000 38,000 120,000 $60,000 110,000 160,000 150,000 $480,000 $40,000 200,000 100,000 32,000 90,000 $137,000 $173,000 $5,000 40,00040,000 $5,000 40,000 52,000 140,000$45.000 $137.000 $45,000 $480.000