Help Save 1 Adams, Inc., acquires Clay Corporation on January 1, 2020, in exchange for $668,500 cash. Immediately after the acquisition, the two companies have the following account balances. Clay's equipment (with a five-year remaining life) is actually worth $612.900 Credit balances are indicated by parentheses 5 OD 40 current annet Investment in clay Equipment Liabilities Common stock Retained earnings, 1/1/20 Adana 314,000 668.500 793,900 (211.000) (350,000) (1.235,400) Clay 1250,000 0 546,000 (207,000) (150.000) (439,000) Help Save 1 Adams, Inc., acquires Clay Corporation on January 1, 2020, in exchange for $668,500 cash. Immediately after the acquisition, the two companies have the following account balances. Clay's equipment (with a five-year remaining life) is actually worth $612.900 Credit balances are indicated by parentheses 5 OD 40 current annet Investment in clay Equipment Liabilities Common stock Retained earnings, 1/1/20 Adana 314,000 668.500 793,900 (211.000) (350,000) (1.235,400) Clay 1250,000 0 546,000 (207,000) (150.000) (439,000)