Following are preacquisition for Sol Company accounts financial balances for Padre Company and Sol Company as of December 31. Also included are fair values Padre Conpany oints So1 Company Book ValuesBook Values Fair Values 12/31 $54.400 Skipped 12/31 12/31 Cash Receivables Inventory Land Building and equipment (net) Franchise agreenents Accounts payable Accrued expenaea Longterm 1iabilities Co=mon stock-$20 par value Common stock-$5 par value Additional paid-in capital Retained earnings, 1/2 Revenues Expenses s 115,250 S 54,400 240,750 440,000 680,000 835,000 313,000 353,000 286,000 163, 000 294, 000 229,000 (147,000) 353,000 342,300 142, 500 363, 700 259,900 (147,000 (30, 000) (597, 500) eBook (319,000) (127,000) (957,500) (660,000) (30,000) (597, 500) (210,000) (90,000) (284,000) 2,015,000) (399, 900) (70,000) (437, 500) 962,000 379,000 Note: Parentheses indicate a credit balance On December 31, Padre acquires Sol's outstanding stock by paying $253,500 in cash and issuing 14,700 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $28,700 as well as $14,700 in stock issuance costs