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 Cash Receivables Inventory Land Building and equipment (net) Franchise agreements Accounts payable Accrued expenses Longterm liabilities Common stock-$20 par value Common stock-$5 par value Additional paid-in capital Retained earnings, 1/1 Revenues Expenses Note: Parentheses indicate a credit balance. 12/31 12/31 12/31 $ 215,000 58,550 $ 58,550 258,750 376,000 376,000 532,500 252,000 309,400 767,500 136,000 114,700 780,000 282,000 342,900 245,000 240,000 279,400 (321,000) (173,000) (140,000) (173,000) (46,250) (1,085,000) (545,000) (46,250) (545,000) (660,000) (210,000) (70,000) (90,000) (482,500) (253,000) (996,250) (373,300) 956,000 346,000 On December 31, Padre acquires Sol's outstanding stock by paying $188,000 in cash and Issuing 15,500 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $21,800 as well as $6,100 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.) Answer is complete but not entirely correct. Accounts Amounts Inventory $ 841,900 Land $ 882,200 Buildings and equipment $ 1,122,900 Franchise agreements S 524,400 Goodwill S 91,300 Revenues S 996,250 Additional paid-in capital S 373,900 Expenses S 977,800 Retained earnings, 1/1 $ 482,500 Retained earnings, 12/31 S 482,500