Larry's Liquor acquired the net assets of Drake's Drinks in exchange for cash. The acquisition price exceeds the fair value of the net assets acquired. How should Larry's Liquor determine the amounts to be reported for the plant and equipment, and for long$-$term debt of the acquired Drake's Drinks?

Plant and Equipment

a$.$ Fair value

b$.$ Fair value

c$.$ Drake's carrying amount

d$.$ Drake's carrying amount

Long$-$Term Debt

Drake's carrying amount

Fair value

Fair value

Drake's carrying amount