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Following are preacquisition financial balances for Padre Company and Sol Company as of December 3 1 . Also included are fair values for Sol Company

Following are preacquisition financial balances for Padre Company and Sol Company as of December 31. Also included are fair values for Sol Company accounts.PadreCompanySol CompanyBook Values Book Values Fair Values12/3112/3112/31Cash $ 306,75062,450 $ 62,450Receivables 257,250376,000376,000Inventory 590,000291,000344,200Land 805,000140,000119,800Building and equipment (net)697,500335,000402,500Franchise agreements 230,000250,000285,200Accounts payable (364,000)(205,000)(205,000)Accrued expenses (156,000)(39,750)(39,750)Longterm liabilities (955,000)(585,000)(585,000)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(625,000)(297,000)Revenues (990,500)(364,700)Expenses 934,000337,000Note: Parentheses indicate a credit balance.On December 31, Padre acquires Sols outstanding stock by paying $137,000 in cash and issuing 17,700 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $25,400 as well as $9,900 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.)

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