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 Book Values Che Sol Company 12/31 12/31 Fair Values 12/31 Cash Receivables Inventory Land Building and equipment (net) Franchise agreements Accounts payable $ 584,750 84,100 $ 84,100 290,250 392,000 392,000 535,000 249,000 303,400 647,500 200,000 177,500 645,000 237,000 304,600 267,000 174,000 210,100 (372,000) (141,000) Accrued expenses (141,000) (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 paid-in capital Retained earnings, 1/1 (70,000) (90,000) (592,500) (267,000) Revenues (1,051,500) (373,100) 992,000 351,000 4 Expenses Note: Parentheses indicate a credit balance. On December 31, Padre acquires Sol's 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 Padre's consolidated financial statements for each of the accounts listed. (Input all amounts as positive values.) Note: Parentheses indicate a credit balance. On December 31, Padre acquires Sol's 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 Padre's consolidated financial statements for each of the accounts listed. (Input all amounts as positive values.) Accounts Amounts Inventory S 781,300 Land S 822.500 Buildings and equipment $ 1,216,700 Franchise agreements $ 572,900 Goodwill $ 101,200 Revenues $ 1,015,000 Additional paid-in capital $ 349,300 Expenses 990,700 Retained earnings, 1/1 $ 437,500 Retained earnings, 12/31