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May you show me all the work thanks On January 1, NewTune Company exchanges 19,681 shares of its common stock for all of the outstanding

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image text in transcribedMay you show me all the work thanks
On January 1, NewTune Company exchanges 19,681 shares of its common stock for all of the outstanding shares of On-the-Go, Inc. Each of NewTune's shares has a $4 par value and a $50 fair value. The fair value of the stock exchanged in the acquisition was considered equal to On-the-Go's fair value. NewTune also pald $37,050 in stock registration and issuance costs in connection with the merger Several of On-the-Go's accounts' fair values differ from their book values on this date: $54,000 51,500 110,750 303,500 84,750 271,500 0 255,750 (65,250) (56,850) music catalog research and development Precombination book values for the two companies are as follows: Cash $75,750 45,750 54, 000 110,750 84,750 340,000 115,000 s 1,831,000 $ 410,250 82,250 410,000 923,000 catalog Equipment (net) Accounts payable Common stock (148,000) $ (35,000) (436,000) (65,250) (400,000) (50,000) (30,000) (30,000) (817,0001 (230,000) Additional paid-in capital Totals $(1,831,000) $(110,750 a. Assume that this combination is a statutory merger so that On-the-Go's accounts will be transferred to the records of NewTune. On- the-Go will be dissolved and will no longer exist as a legal entity. Prepare a postcombination balance sheet for NewTune as of the acquisition date. b. Assume that no dissolution takes place in connection with this combination. Rather, both companies retain their separate legal identities. Prepare a worksheet to consolidate the two companies as of the combination date

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