ITI co acquires all of the voting stock of GOC on June 30, 2010. Amounts paid are as follows (in millions):

Cash consideration to the former shareholders of GOC: $80

1,200,000 shares of new $1 par common stock issued: 96

Registration fees on new stock issued, paid in cash: 4.8

Outside legal and advisory services, paid in cash: 8

Fair value of earnings contingency: 3.2

The earnings contingency provides for a potential payout to the former shareholders of GOC at the end of the third year following acquisition. The balance sheets of both companies immediately prior to the acquisition are as follows. Fair values of GOC's assets and liabilities at the date of acquisition are also provided.

ITI GOC

Balance Sheets (in millions) Book Value Book Value Fair Value

Current assets $320 $16 $24

Property, plant and equipment, net 800 208 112

Intangible assets 2,080 32 48

Total assets $3,200 $256

Current liabilities $240 $32 $32

Long-term liabilities 1,920 160 164.8

Common stock, par 32 6.4

Additional paid-in capital 880 96

Retained earnings 160 (40)

Accumulated other comprehensive income (24) 4.8

Treasury stock (8) (3.2)

Total liabilities and equity $3,200 $256

The intangible assets reported above consist of patents and trademarks. GOC also has the following previously unreported intangible assets that meetASC Topic 805requirements for asset recognition:

Fair Value

Advanced technology $8

Customer lists 40

I have prepared the journal entry that ITI makes to record the acquisition on its own books.

DebitCredit

Investment in GOC179.20

Merger expenses80

Common stock0 jQuery22406721030173697571_1599868165842

Additional paid in capital0??

Contingent consideration liability 03.2

Cash092.8

**The common stock and additional paid in capital need to add up to 91.2 to balance the entry but I can't seem to figure out how to come up with the correct answers. I've got 1 in common stock and 90.2 for additional paid in capital and it's wrong.