n June 30 , Year 2 , Abdul Co. purchased all of Lana Co. assets and assumed all of Lana Co. liabilities for $58,000 in cash. The carrying pointe nf I ang's nat sccate vxara amia1 to foir valiwa avoant for tha fallowing. Required (a) Prepare the journal entries for Abdul Co. and for Lana Co. to record this transaction. (b) Prepare balance sheets for Abdul Co. and Lana Co. at June 30, Year 2, after recording the transaction noted above