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

for Sol Company accounts.

Note: Parentheses indicate a credit balance.

On December $31,$ Padre acquires Sol's outstanding stock by paying $$154,000$ in cash and issuing $16,700$ shares of its own common

stock with a fair value of $$40$ per share. Padre paid legal and accounting fees of $$26,300$ as well as $$10,600$ in stock issuance costs.