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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.Sol CompanyNote: Parentheses indicate a credit balance.On December 31, Padre acquires Sols outstanding stock by paying
$184,000 in cash and issuing 16,800 shares of its own common stock
with a fair value of $40 per share. Padre paid legal and accounting
fees of $25,500 as well as $6,500 in stock issuance costs.Determine the value that would be shown in Padres consolidated
financial statements for each of the accounts listed.Inventory
$762,600Land
$801,100Buildings and equipment
$970,600Franchise agreements
$531,000Goodwill
$96,300Revenues
$1,019,250Additional paid-in capital
$399,500Expenses
$989,500Retained earnings, 1/1
$400,000Retained earnings, 12/31
$???how much is the retained earings in 12/31 with an explaination
please?

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