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 Value

12/31 12/31 12/31

Cash $ 306,750 $ 62,450 $ 62,450

Receivables 257,250 376,000 376,000

Inventory 590,000 291,000 344,200

Land 805,000 140,000 119,800

Building and equipment (net) 697,500 335,000 402,500

Franchise agreements 230,000 250,000 285,200

Accounts 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 paid-in capital (70,000) (90,000)

Retained earnings, 1/1 (625,000) (297,000)

Revenues (990,500) (364,700)

Expenses 934,000 337,000

Note: Parentheses indicate a credit balance.

On December 31, Padre acquires Sol's 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 Padre's consolidated financial

statements for each of the accounts listed. (Input all amounts as positive values.)

Inventory

Land

Building and Equipment

Franchise agreement

goodwill

Revenue

Additional Paid in Cash

Expenses

Retained Earnings 1/1

Retained Earnings 12/31