Inc. With Capital $995,000 Purchase Apple And David Inc. They Use Acquisition Methods. We Paid $650,000 Cash For Apple Inc. Also, $25,500 investment Expenses. We Paid $235,000 Cash For David Inc. Also, $9500 Investment Expenses. As A Result Of This Transaction Both Apple And David Inc. Merge Into Arab Capital Insurance Inc. Please Answer The Following Questions 1. Total Assets After Transaction Took Place. 2. Total Cash After Transaction Took Place. Total Goodwill After Transaction Took Place. 4. Total Retain Earning After Transaction Took Place. 5. Total equity and Liabilities After Transaction Took Place.

January 1, 2019, We Establish Arab Capital Insurance Inc. With Capital $995,000 Cash And We Purchase Apple And David Inc. They Use Acquisition Methods. We Paid $650,000 Cash For Apple Inc. Also, $25,500 investment Expenses. We Paid $235,000 Cash For David Inc. Also, $9500 Investment Expenses. As A Result Of This Transaction Both Apple And David Inc. Merge Into Arab Capital Insurance Inc. Please Answer The Following Questions

$ Assets Cash Account Receivable equipment Inventory Logistics(Cars & truck) Apple Inc. Book V 210,000 180,000 85,000 90,000 Fair V $ 210,000 $ 160,000 $ 75,000 $ 95,000 David Inc. book V $ 15,000 $ 30,000 $ 80,000 $ 70,000 Fair V 15,000 25,000 105,000 60,000 $ $ s $ $ 80,000 $ 25,000 $ 20,000 70,000 Total Assets s 145,000 $ 140,000 $ 25,000 25,000 Account Payable Capital Add. Pald. Capital Retain Earning $ $ $ 360,000 80,000 40,000 $ 150,000 $ 40,000 $5,000 Total equity and Liabilities