January 1, 2019, We Establish Arab Capital Insurance Inc. With Capital 5955,955 Cash And We 2 Purchase Apple And David Inc. They Use Acquisition Methods. We paid $655,000 Cash For Apple Inc. Also, $18.988 investment Expenses. We paid $185,000 Cash For David Inc. Also, 57250 Investment Expenses. As A Result Of This Transaction Both Apple And David Inc. Merge Into Arab Capital Insurance Inc David inc Apple inc Fair V book Fair V Book V Assets $15,000 $15,000 $210,000 $210,000 Cash $25,000 $30,000 $160,000 $180,000 Account Receivable $105,000 $80,000 $75,000 $65,000 equipment $60,000 $70,000 $95.000 $90,000 Inventory $20,000 $25,000 $70,000 $80,000 Logistics(Cars & truck) Total Assets $25,000 $25,000 $140,000 $145,000 Account Payable $150,000 $360,000 Capital $40,000 $80,000 Add Paid Capital $5,000 $40,000 Retain Earning Total Cash After Transaction Took Place 2 23