Hello. I am having trouble getting the numbers for assets, liabilities, and equity when creating a post combination balance sheet. I've attached an answer key below but it doesn't explain how you get those numbers.

I would greatly appreciate it if you could provide some calculations and explanations as to how to arrive at the provided answers. Please provide your response in Word or Excel as handwritten responses are hard to read. Thank you.

LO 2-4,2-5, 2-6a, 2-6b, 2-6C LO 2-7, 2-8 33. On January 1, NewTune Company exchanges 15,000 shares of its common stock for all of the out- standing shares of On-the-Go, Inc. Each of NewTunes shares has a $4 par value and a $50 fair value. The fair value of the stock exchanged in the acquisition was considered equal to On-the-Go's fair value. NewTune also paid $25,000 in stock registration and issuance costs in connection with the merger. Several of On-the-Gos accounts fair values differ from their book values on this date: Book Values Fair Values Receivables Trademarks Record music catalog.. In-process research and development. Notes payable. $ 65,000 95,000 60,000 -O- (50,000) $ 63,000 225,000 180,000 200,000 (45,000) Precombination book values for the two companies are as follows: New Tune On-the-Go Cash Receivables Trademarks Record music catalog. Equipment (net) Totals.. $ 60,000 150,000 400,000 840,000 320,000 $1,770,000 $ 29,000 65,000 95,000 60,000 105,000 $354,000 (continued) Accounts payable. Notes payable Common stock Additional paid-in capital. Retained earnings. Totals... $ (110,000) (370,000) (400,000) (30,000) (860,000) $(1,770,000) $ (34,000) (50,000) (50,000) (30,000) (190,000) $(354,000) a. Assume that this combination is a statutory merger so that On-the-Go's accounts will be transferred to the records of NewTune. On-the-Go will be dissolved and will no longer exist as a legal entity. Prepare a postcombination balance sheet for NewTune as of the acquisition date. b. Assume that no dissolution takes place in connection with this combination. Rather, both com- panies retain their separate legal identities. Prepare a worksheet to consolidate the two compa- nies as of the combination date. c. How do the balance sheet accounts compare across parts (a) and (b)? Post-Combination Balance Sheet: Liabilities and Owners' Equity Accounts payable $ 144,000 Notes payable 415,000 Assets Cash Receivables Trademarks Record music catalog Research and development asset Equipment Goodwill Total $ 64,000 213,000 625,000 1,020,000 200,000 425,000 27,000 $2,574,000 Common stock Additional paid-in capital Retained earnings Total 460,000 695,000 860,000 $2,574,000 b. Because On-the-Go continues as a separate legal entity, New Tune first records the acquisition as an investment in the shares of On-the-Go