Lol ASSuille ulat f Corporudoni deyuled an alldies Ula Collipully will lie following Condensed balance sheet: S Company Condensed Balance Sheet Book Value Fair Value Current assets Br. 250,000 Br.250,000 Long-term assets 600,000 750,000 Current liabilities 200,000 200,000 Long-term liabilities 180,000 200,000 For the business combination P issued 20,000 of its Br. 10 common stock currently selling for Br. 35 and cash of Br. 90,000 business combination costs. Required: Prepare journal entries required to account for the above business combination assuming: A. S is dissolved B. S is incorporated as subsidiary of P