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					Sol Company
	Book Values					Book Values					Fair Values
	12/31					12/31					12/31
Cash		$	584,750				$	84,100				$	84,100
Receivables			290,250					392,000					392,000
Inventory			535,000					249,000					303,400
Land			647,500					200,000					177,500
Building and equipment (net)			645,000					237,000					304,600
Franchise agreements			267,000					174,000					210,100
Accounts payable			(372,000	)				(141,000	)				(141,000	)
Accrued expenses			(133,000	)				(38,500	)				(38,500	)
Longterm liabilities			(1,082,500	)				(567,500	)				(567,500	)
Common stock$20 par value			(660,000	)
Common stock$5 par value								(210,000	)
Additional paidin capital			(70,000	)				(90,000	)
Retained earnings, 1/1			(592,500	)				(267,000	)
Revenues			(1,051,500	)				(373,100	)
Expenses			992,000					351,000

Note: Parentheses indicate a credit balance.

On December 31, Padre acquires Sols outstanding stock by paying $349,000 in cash and issuing 11,400 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $23,400 as well as $12,800 in stock issuance costs.

Determine the value that would be shown in Padres consolidated financial statements for each of the accounts listed. (Input all amounts as positive values.)

Worksheet

Amounts

Inventory

Land

Buildings and equipment

Franchise agreements

Goodwill

Revenues

Additional paid-in capital

Expenses

Retained earnings, 1/1

Retained earnings, 12/31