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		$	486,500				$	67,350				$	67,350
Receivables			250,500					391,000					391,000
Inventory			490,000					301,000					356,300
Land			637,500					203,000					182,700
Building and equipment (net)			840,000					303,000					364,900
Franchise agreements			317,000					226,000					260,100
Accounts payable			(382,000	)				(166,000	)				(166,000	)
Accrued expenses			(169,000	)				(42,750	)				(42,750	)
Longterm liabilities			(1,140,000	)				(625,000	)				(625,000	)
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			(547,500	)				(333,000	)
Revenues			(1,034,000	)				(431,600	)
Expenses			981,000					407,000

Note: Parentheses indicate a credit balance.

On December 31, Padre acquires Sols outstanding stock by paying $319,000 in cash and issuing 14,100 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $23,500 as well as $8,800 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.)

3 Paure Sol Com Book Values 12/31 67,350 Book Values Fair Values 12/31 486,500 12/31 Cash 67,350 391,000 Receivables entory 250,500 91,000 .o Land 637,500 203,000 182,700 points Building and equipment (net) Franchise agreements 840,000 303,000 226,000 (1 t42 758 (625,000) 364,900 260,100 (1 (42 750) 317,000 Assn yable Longterm liabilities Common stock-$20 par value Common stock-$5 par value (1,140,000) (660,000) (625,000 eBook (210,000) ital (70,000) (547,500) (1,034,000) 981,000 Retained earnings, 1/1 (333,000) Print (431,600) 407,000 Revenues Expenses Note: Parentheses indicate a credit balance. On December 31, Padre acquires Sol's outstanding stock by paying $319,000 in cash and issuing 14,100 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $23,500 as well as $8,800 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.) Worksheet Amounts Inventory Land 846,300 820,200 Buildings and equipment Franchise agreements 1,204,900 577,100 Goodwill Revenues Additional paid-in capital 1,034.000 Expenses Retained earnings, 1/1 547,500 Retained earnings, 12/31