Listen

Wooden Reed Inc. $($WRI$)$ issued $30,000$ voting common shares to acquire all of the assets and liabilities of Creative Instrument Ltd$.($CIL$).$ On the acquisition date, WRI's shares were trading at $$21\mathrm{.}83$ per share. After the transaction, CIL owned $20\%$ of WRI's outstanding shares. Below are the statements of financial position of both companies immediately before the transaction, along with the fair values of CIL's assets and liabilities: common share account will be:

$$754,900$

$$100,000$

$$919,900$

$$265,000$