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
	12/31					12/31					12/31
Cash		$	354,750				$	56,700				$	56,700
Receivables			242,250					312,000					312,000
Inventory			482,500					174,000					229,900
Land			720,000					194,000					171,200
Building and equipment (net)			837,500					332,000					395,300
Franchise agreements			242,000					252,000					290,800
Accounts payable			(352,000	)				(152,000	)				(152,000	)
Accrued expenses			(189,000	)				(54,500	)				(54,500	)
Longterm liabilities			(1,132,500	)				(532,500	)				(532,500	)
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			(422,500	)				(260,000	)
Revenues			(1,000,000	)				(354,700	)
Expenses			947,000					333,000

Note: Parentheses indicate a credit balance.

On December 31, Padre acquires Sols outstanding stock by paying $228,000 in cash and issuing 14,500 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $22,400 as well as $10,000 in stock issuance costs.

Determine the value that would be shown in Padres consolidated financial statements for each of the accounts listed.

Worksheet

Inventory$

Land$

Buildings and equipment $

Franchise agreements $

Goodwill $

Revenues $

Additional paid-in capital $

Expenses $

Retained earnings, 1/1 $

Retained earnings, 12/31 $