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 Receivables $ 161,750 66,200 $ 66,200 288,750 350,000 350,000 Inventory Land Building and equipment (net) Franchise agreements 597,500 287,000 342,700 785,000 129,000 109,000 697,500 284,000 349,200 265,000 262,000 296,800 Accounts payable (341,000) (136,000) (136,000) Accrued expenses (127,000) (52,500) (52,500) Longterm liabilities (1,097,500) (617,500) (617,500) Common stock-$20 par value (660,000) Common stock-$5 par value Additional paid-in capital Retained earnings, 1/1 Revenues Expenses (210,000) (70,000) (90,000) (452,000) (247,000) (978,000) (351,200) 930,000 326,000 On December 31, Padre acquires Sol's outstanding stock by paying $322,000 in cash and issuing 11,700 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $28,000 as well as $10,800 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.) Answer is complete but not entirely correct. Accounts Amounts Inventory $ 940,200 Land $ 894,000 Buildings and equipment $ 1,046,700 Franchise agreements $ 561,800 Goodwill Revenues Additional paid-in capital Expenses $ 82,100 $ 978,000 $293,200 $ 958,000 Accounts Amounts Inventory $ 940,200 Land $ 894,000 Buildings and equipment $ 1,046,700 Franchise agreements $ 561,800 Goodwill $ 82,100 Revenues $ 978,000 Additional paid-in capital $ 293,200 Expenses $ 958,000 Retained earnings, 1/1 $ 452,000 Retained earnings, 12/31 $ 292,000 Accounts Amounts Inventory Land Buildings and equipment Franchise agreements Goodwill $ 940,200 $ 894,000 $ 1,046,700 $ 561,800 $ 82,100 Revenues $ 978,000 Additional paid-in capital $ 293,200 Expenses $ 958,000 Retained earnings, 1/1 Retained earnings, 12/31 $ (292,000) $ 452,000