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Following ate preacquisition financial balances for Padre Company and Sol Company as of December 31. Also included are fair values for Sol Campany accounts. On
Following ate preacquisition financial balances for Padre Company and Sol Company as of December 31. Also included are fair values for Sol Campany accounts. On Deceentier an. Podke acquires Sols outstanding stack by paying $405,000 in cash and issuing 10,700 shares of its own common thock with a fair walue d $40 per share. Padre paid legat and accounfing fees of $22,900 as well as $11,600 in stock issuance costs. De amounts bs posieve values! Note: Parentheses indicate a credit balance. On Decenber 31. Padte acquiles Sol's outstanding stock by paying $405,000 in cash and issuing 10,700 shares of its own common stock with a fair yalue of $40 per share. Padre paid legal and accounting fees of $22.900 as well as $11,600 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 ns positive values.)
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