Given Information:

The yellow boxes need filled, can you please explain how these answers are obtained?

\begin{tabular}{|c|c|c|} \hline SierraCorporationoutstandingcommonstoacquiredbyPadre,Inc. & & 80% \\ \hline Cash paid by Padre, Inc. for & & \\ \hline Sierra Corporation shares & & $802,720 \\ \hline Sierra's assessed fair value & & $1,003,400 \\ \hline Book value of Sierra Corporation & & $690,000 \\ \hline Sierra accounts values on 1/1/18 & & \\ \hline & Book & FairValue \\ \hline Land & $65,000 & $290,000 \\ \hline Buildings and equipment (10-year remaining life) & 287,000 & 263,000 \\ \hline Copyright (20-year remaining life) & 122,000 & 216,000 \\ \hline Notes payable (due in 8 years) & (176,000) & (157,600) \\ \hline & Padre12/31/2018 & Sierra12/31/2018 \\ \hline Revenues & $(1,394,980)1 & $(684,900) \\ \hline Cost of goods sold & 774,000 & 432,000 \\ \hline Depreciation expense & 274,000 & 11,600 \\ \hline Amortization expense & - & 6,100 \\ \hline Interest expense & 52,100 & 9,200 \\ \hline Equity in income of Sierra & (177,120) & - \\ \hline Net income & $(472,000) & $(226,000) \\ \hline Retained earnings, 1/1/18 & $(1,275,000) & $(530,000) \\ \hline Net income & (472,000) & (226,000) \\ \hline Dividends declared & 260,000 & 65,000 \\ \hline Retained earnings, 12/31/18 & $(1,487,000) & $(691,000) \\ \hline Current assets & $856,160 & $764,700 \\ \hline Investment in Sierra & 927,840 & \\ \hline Land & 360,000 & 65,000 \\ \hline Buildings and equipment (net) & 909,000 & 275,400 \\ \hline Copyright & - & 115,900 \\ \hline Total assets & 3,053,000 & $1,221,000 \\ \hline Accounts payable & $(275,000) & $(194,000) \\ \hline Notes payable & (541,000) & (176,000) \\ \hline Common stock & (300,000) & (100,000) \\ \hline Additional paid-in capital & (450,000) & (60,000) \\ \hline Retained earnings & (1,487,000) & (691,000) \\ \hline Total liabilities and equity & $(3,053,000) & $(1,221,000) \\ \hline \end{tabular} Problem 04-39 Totals for the business combination for the year ending December 31, 2018 PADRE, INC. AND SIERRA CORPORATION \begin{tabular}{|c|c|c|} \hline Account Name & Balance & Explanation \\ \hline Revenues & & \\ \hline Cost of goods sold & & \\ \hline Depreciation expense & & \\ \hline Amortization expense & & \\ \hline Interest expense & & \\ \hline Equity in income of Sierra & & \\ \hline Consolidated net income & & \\ \hline Net income attributable to NCl & & \\ \hline Net income to Padre Company & & \\ \hline Retained earnings, 1/1 & & \\ \hline Dividends declared & & \\ \hline Retained earnings, 12/31 & & \\ \hline \end{tabular} PADRE, INC. AND SIERRA CORPORATION