On 1/1/2010, Al-Zaher Company purchased the entire net assets of Petra Company, and this resulted in the case of the merger of Petra Company with Al-Zaher Company by paying its shareholders the following:

- A cash amount of (39,000) dinars.

- In addition to (2,500) shares, the nominal value of each share is dinars, and the market value is (5) dinars.

In addition to the above, Al-Zaher Company has paid in cash the following expenses for the implementation of the merger:

- (7,200) dinars for account auditing and attorney fees necessary to implement the merger process.

- (2,200) dinars, the expenses of issuing and registering the issued shares.

If you know that the financial position statements of two companies as they appeared on 1/1/2010 (before the merger) were as follows:

Statement Al-Zaher Company Petra Company	Al-Zaher	Petra Company
		book value	fair value
assets
CASH	120,000	10,000	10,000
Recrivables	17,000	8,000	8,000
Inventory	18,000	15,000	20,000
Land	30,000	22,000	30,000
Buildings, net	25,000	18,000	26,000
total assets	????	????	????
Liabilities and Shareholders' Equity
Creditors	30,000	10,000	10,000
Share capital Ordinary	150,000	45,000
Share issue premium	20,000	12,000
Retained earnings	10,000	6,000
Total Liabilities and Shareholders' Equity	????	????

1- Calculating the cost of an investment (1 mark)

2- Calculating Petras net assets at fair value (1 mark)

3- Calculating the goodwill of the merger, if any (1 mark)

4- Proving the necessary journal entries in the books of Al-Zahir Company on the date of the merger (17 marks)

5- Preparing the statement of financial position immediately after the merger of Al-Aqsa Company (5 marks)