Item8\ Time Remaining 1 hour 1 minute 48 seconds 01:01:48\ Item 8\ Time Remaining 1 hour 1 minute 48 seconds 01:01:48\ Following are preacquisition financial balances for Padre Company and Sol Company as of December 31. Also included are fair values for Sol Company accounts.\ \ Items Padre Company Book Values 12/31 Sol Company\ Book Values 12/31 Fair Values 12/31\ Cash $ 317,000 $ 59,400 $ 59,400\ Receivables 240,000 381,000 381,000\ Inventory 520,000 296,000 349,100\ Land 762,500 170,000 142,900\ Building and equipment (net) 672,500 321,000 387,500\ Franchise agreements 260,000 237,000 268,800\ Accounts payable (354,000) (149,000) (149,000)\ Accrued expenses (109,000) (40,000) (40,000)\ Long-term liabilities (1,132,500) (660,000) (660,000)\ Common stock$20 par value (660,000) 0 0\ Common stock$5 par value 0 (210,000) 0\ Additional paidin capital (70,000) (90,000) 0\ Retained earnings, 1/1 (402,500) (290,000) 0\ Revenues (980,000) (395,400) 0\ Expenses 936,000 370,000 0\ Note: Parentheses indicate a credit balance.\ \ On December 31, Padre acquires Sols outstanding stock by paying $219,000 in cash and issuing 15,600 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $26,200 as well as $13,200 in stock issuance costs.\ \ Required:\ Determine the value that would be shown in Padres consolidated financial statements for each of the accounts listed:\ Note: Input all amounts as positive values.\