Octane Company and Bio Company have announced terms of an exchange agreement under which Octane will issue 10,000 shares of its $5 par value common stock to acquire all of Bio's assets. Octane shares are trading at $28, and Bio's $10 par value shares are trading at $15. Historical cost and fair value balance sheet data on January 1, 2008, are as follows:

12. Based on the information provided, what amount will be reported immediately following the business combination for Buildings and Equipment (net) in the combined company's balance sheet? A. $300,000 B. $370,000 C. $330,000 D. $340,000

*I know the answer is $330,000 but if you can please show computations for that answer.

13. Based on the information provided, what amount will be reported for Common Stock in the combined company's balance sheet immediately following the business combination? A. $200,000 B. $250,000 C. $300,000 D. $210,000

*I know the answer is $200,000 but if you can please show computations for that answer.

14. Based on the information provided, what amount will be reported for Additional Paid-In Capital in the combined company's balance sheet immediately following the business combination? A. $60,000 B. $80,000 C. $310,000 D. $290,000

*I know the answer is 290,000 but if you can please show computations for that answer.

15. Based on the information provided, what amount of goodwill will be reported immediately following the business combination in the combined company's balance sheet? A. $0 B. $50,000 C. $40,000 D. $105,000

*I know the answer is $40,000 but if you can please show computations for that answer.

16. Based on the information provided, what amount will be reported immediately following the business combination for Retained Earnings in the combined company's balance sheet? A. $170,000 B. $225,000 C. $115,000 D. $210,000

*I know the answer is $170,000 but if you can please show computations for that answer.

Cash Land Buildings and Equipment (net) Total Assets Common Stock Additional Paid-In Capital Retained Earnings Total Equities Octane Company Book Value Fair Value $125,000 $125,000 75,000 120,000 180,000 220,000 $380,000 $465,000 $150,000 60,000 170,000 $380,000 Bio Company Book Value Fair Value $25,000 $40,000 30,000 50,000 120,000 150,000 $175,000 $240,000 $100,000 20,000 55,000 $175,000