Gull Company purchased the net assets of the Hart Company on January 1, 2011, and made the following entry to record the purchase: Current Assets $100,000 Equipment $150,000 Land $50,000 Buildings $300,000 Goodwill $100,000 Liabilities $80,000 Common Stock ($1 par) $100,000 Paid-In Capital in Excess of Par $520,000 Make the required entry on January 1, 2013, for each of the following independent contingency agreements: 3. Added shares will be issued on January 1, 2013, to compensate for any fall in the value of Gull common stock below $6 per share. The settlement will cure the deficiency by issuing added shares based on their fair value on January 1, 2013. The market price of the shares of January 1, 2013, will be $4