On December 31 James acquired Charles by issuing 200,000 common shares with a par value of 10 $. The market value for these shares was $ 10,000,000 at the date of acquisition. Below is the balance sheet for James and Charles immediately before the acquisition (in000): James BV James FV Charles BV Charles FV Cash 2,000 2,000 1,000 1,000 Other current assets 13,000 20,000 8,000 12,000 Plant assets 15,000 20,000 10,000 13,000 Current liabilities 5,000 4,000 2,000 4,000 Other liabilities 12,000 12,000 8,000 13,000 Common stock 10,000 5,000 Retained earnings 3,000 4,000