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

$12/3112/3112/31$

Cash $ $538,75088,750$ $ $88,750$

Receivables $294,000302,000302,000$

Inventory $412,500257,000314,500$

Land $620,000215,000185,200$

Building and equipment $($net$)807,500339,000406,100$

Franchise agreements $224,000194,000227,300$

Accounts payable $(383,000)(219,000)(219,000)$

Accrued expenses $(155,000)(33,750)(33,750)$

Longterm liabilities $(1,065,000)(552,500)(552,500)$

Common stock$$$$20$ par value $(660,000)$

Common stock$$$$5$ par value $(210,000)$

Additional paid$$in capital $(70,000)(90,000)$

Retained earnings, $1/1(510,000)(265,000)$

Revenues $(1,048,750)(347,500)$

Expenses $995,000322,000$

Note: Parentheses indicate a credit balance.

On December $31,$ Padre acquires Sol$$s outstanding stock by paying $$155,000$ in cash and issuing $16,500$ shares of its own common stock with a fair value of $$40$ per share. Padre paid legal and accounting fees of $$26,500$ as well as $$11,900$ 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.$)$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 $$155,000$ in cash and issuing $16,500$ shares of its own common

stock with a fair value of $$40$ per share. Padre paid legal and accounting fees of $$26,500$ as well as $$11,900$ 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.$)$