Following are preacquisition financial balances for Padre Company and Sol Company as of December 31. Also included are fair values for Sol Company accounts.

Padre Company Book Values 12/31Sol CompanyBook Values 12/31Fair Values 12/31Cash$ 400,000$ 120,000$ 120,000Receivables220,000 300,000300,000Inventory410,000210,000260,000Land600,000130,000110,000Building and equipment (net)600,000 270,000330,000Franchise agreements220,000 190,000220,000Accounts payable(300,000) (120,000)(120,000)Accrued expenses(90,000)(30,000)(30,000)Long-term liabilities(900,000) (510,000)(510,000)Common stock$20 par value(660,000)Common stock$5 par value(210,000)Additional paid-in capital(70,000)(90,000)Retained earnings,1/1(390,000)(240,000)Revenues(960,000)(330,000)Expenses920,000310,000Table Summary: A table has 3 columns. Column 1 lists account names. Column 2, titled Padre Company Book Values 12/31, lists dollar amounts. Column 3, titled Sol Company, has 2 sub columns for Book Values 12/31 and Fair Values 12/31, which have dollar amounts.

Note: Parentheses indicate a credit balance.

On December 31, Padre acquires Sols outstanding stock by paying $360,000 in cash and issuing 10,000 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $20,000 as well as $5,000 in stock issuance costs.

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

AccountsInventoryRevenuesLandAdditional paid-in capitalBuildings and equipmentExpensesFranchise agreementsRetained earnings, 1/1GoodwillRetained earnings, 12/31Table Summary: A table titled Accounts has 2 columns. Column 1 and 2 have account names