Inventories Plant assets (net) Other assets Total assets Assets OMR150,000 500,000 300,000 $950,000 Liabilities & Stockholders' Equity Liabilities OMR450,000 Common stock, $5 par 150,000 200,000 Additional paid-in capital 150,000 Retained earnings Total liabilities & stockholders' equity $950,000 On December 31, 2018, Sur issued 60,000 of its OMR10 par (current fair value OMR15) common stock for all the outstanding common stock of Ibra, which was then liquidated. Also, on December 31, 2018, Sur paid OMR60,000 out-of-pocket costs in connection with the business combination, of which $25,000 were finder's, accounting, and legal fees directly related related to the combination, and OMR35,000 were costs of registering and issuing the common stock to affect the combination. Current fair values of Ibra's inventories and plant assets were OMR180,000 and OMR620,000, respectively; other assets and liabilities had current fair values equal to their carrying amounts. Required: Prepare journal entries on December 31, 2018, for Sur Corporation to record the business combination with Ibra Company. Disregard income taxes