Following are preacquisition financial balances for Padre Company and Sol Company as of December 31. Also included are foir values for Sol Company accounts. Cash Receivables Inventory Land Building and equipment (net) Franchise agreements Accounts payable Accrued expenses Longterm liabilities Common stock-$20 par value Common stock-$5 par value Additional paid-in capital Retained earnings, 1/1 Revenues Expenses Padre Company Sol Company Book Values Book Values Fair Values 12/31 12/31 12/31 $ 526,750 88,800 $ 88,800 222,750 359,000 359,000 487,500 283,000 334,500 610,000 136.000 115,400 677,500 326,000 392,300 245,000 243,000 280,700 (354,000) (134,000) (134,000) (188,000) (35,000) (35,000) 1977,500) (602,500) (682,500) (660,000) (210,000) (70,000) (90,000) (542,500) (338,000) (994,500) (379,300) 937,800 353,000 es Note: Parentheses indicate a credit balance On December 31, Padre acquires Sol's outstanding stock by paying $426,000 in cash and issuing 11700 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $27,500 as well as $7,000 in stock issuance costs. Determine the value that would be shown in Padre's consolidated financial statements for each of the accounts listed. (Input alt amounts as positive values.) Amounts Accounts Inventory 353,000 (602,500) (660,000) Common stock-55 par value Additional paid-in capital (210,000) (78,000) (90,000) Retained earnings, 1/1 (542,580) (338,000) Revenues (994,508) (379,388) Expenses 937,000 Note: Parentheses indicate a credit balance. On December 31, Padre acquires Sol's outstanding stock by paying $426,000 in cash and issuing 11700 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $27,500 as well as $7,000 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 amounts as positive values.) Amounts Accounts Inventory Land Buildings and equipment Franchise agreements Goodwill Revenues Additional paid-in capital Expenses Retained earnings, 1/1 Retained earnings, 12/31