I dont know why its give me rong please explain it

On January 1, NewTune Company exchanges 15,000 shares of its common stock for all of the outstanding shares of On-the-Go, Inc. Each of NewTune's 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-Go's accounts' fair values differ from their book values on this date (credit balances in parentheses) Receivables Trademarks Record music catalog In-process research and development Notes payable Book Values $ 65,000 95,000 60,000 0 (50,000) Pair Values $ 63,000 225,000 180,000 200,000 (45,000) Precombination book values for the two companies are as follows: Cash Receivables Trademarks Record music catalog Equipment (net) Total Assets Accounts payable Notes payable Common stock Additional paid-in capital Retained earnings Total liabilities and equities NewTune On-the-Go $ 60,000 $ 29,000 150,000 65,000 400,000 95,000 840,000 60,000 320,000 105,000 $ 1,770,000 $ 354,000 $ (110,000) $ (34,000) (370,000) (50,000) (400,000) (50,000) (30,000) (30,000) (860,000) (190,000) $(1,770,000) $(354,000) Return to question $ Cash Receivables Trademarks Record musia catalog Equipment (net) Total Assets Accounts payable Notes payable Common stock Additional paid-in capital Rete earnings Total Habilities and equities Neytun On-the- 60,000 $ 29,000 150,000 65,000 400,000 95,000 840,000 60.000 320,000 105,000 $ 1,770,000 354,000 $ (110,000) $ (34,000) (370,000) (50,000) (400,000) (50,000) (30,000) (30,000) (860,000) (190,000) $(1,770,000) (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 companies retain their separate legal identities. Prepare a worksheet to consolidate the two companies as of the combination date. Answer is not complete. Complete this question by entering your answers in the tabs below. Return to Required A Required B Assume that this combination is a statutory merger so that On-the-Go's accounts will be transferred to the records of Newmune. On-the-Go will be dissolved and will no longer exist as a legal entity. Prepare a postcombination balance sheet for New Tune as of the acquisition date. NEWTUNE COMPANY AND ON-THE-GO, INC. Post-Combination Balance Sheet January 1, 20XX Assets Liabilities and Equity Cash $ 64,000 Accounts payable $ 144,000 Receivables 213,000 Notes payable 415,000 Trademarks 625,000 Common stock 460,000 Record music catalog 1,020,000 Additional paid-in capital 720,000 In-process research and 200,000 Retained earnings 860,000 development Equipment (net) 425,000 Goodwill 52,000 S Total assets Total liabilities and equities 2,599,000 2,599,000 Recured Required B > On January 1, NewTune Company exchanges 15,000 shares of its common stock for all of the outstanding shares of On-the-Go, Inc. Each of NewTune's 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-Go's accounts' fair values differ from their book values on this date (credit balances in parentheses) Receivables Trademarks Record music catalog In-process research and development Notes payable Book Values $ 65,000 95,000 60,000 0 (50,000) Pair Values $ 63,000 225,000 180,000 200,000 (45,000) Precombination book values for the two companies are as follows: Cash Receivables Trademarks Record music catalog Equipment (net) Total Assets Accounts payable Notes payable Common stock Additional paid-in capital Retained earnings Total liabilities and equities NewTune On-the-Go $ 60,000 $ 29,000 150,000 65,000 400,000 95,000 840,000 60,000 320,000 105,000 $ 1,770,000 $ 354,000 $ (110,000) $ (34,000) (370,000) (50,000) (400,000) (50,000) (30,000) (30,000) (860,000) (190,000) $(1,770,000) $(354,000) Return to question $ Cash Receivables Trademarks Record musia catalog Equipment (net) Total Assets Accounts payable Notes payable Common stock Additional paid-in capital Rete earnings Total Habilities and equities Neytun On-the- 60,000 $ 29,000 150,000 65,000 400,000 95,000 840,000 60.000 320,000 105,000 $ 1,770,000 354,000 $ (110,000) $ (34,000) (370,000) (50,000) (400,000) (50,000) (30,000) (30,000) (860,000) (190,000) $(1,770,000) (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 companies retain their separate legal identities. Prepare a worksheet to consolidate the two companies as of the combination date. Answer is not complete. Complete this question by entering your answers in the tabs below. Return to Required A Required B Assume that this combination is a statutory merger so that On-the-Go's accounts will be transferred to the records of Newmune. On-the-Go will be dissolved and will no longer exist as a legal entity. Prepare a postcombination balance sheet for New Tune as of the acquisition date. NEWTUNE COMPANY AND ON-THE-GO, INC. Post-Combination Balance Sheet January 1, 20XX Assets Liabilities and Equity Cash $ 64,000 Accounts payable $ 144,000 Receivables 213,000 Notes payable 415,000 Trademarks 625,000 Common stock 460,000 Record music catalog 1,020,000 Additional paid-in capital 720,000 In-process research and 200,000 Retained earnings 860,000 development Equipment (net) 425,000 Goodwill 52,000 S Total assets Total liabilities and equities 2,599,000 2,599,000 Recured Required B >