On December 31, Padre acquires Sols outstanding stock by paying $329,000 in cash and issuing 11,000 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $20,000 as well as $8,400 in stock issuance costs.

Determine the value that would be shown in Padres consolidated financial statements for each of the accounts listed. (Input all amounts as positive values.)

Following are preacquisition financial balances for Padre Company and Sol Company as of December 31. Also included are fair values for Sol Company accounts. Cash Receivables Inventory Land Building and equipment (net) Franchise agreements Accounts payable Accrued expenses Longterm liabilities Common stock-$20 par value Common stock-$5 par value Additional paid-in capital Retained earnings, 1/1 Revenues Expenses Padre Company Sol Company Book Values Book Values Fair Values 12/31 12/31 12/31 $ 491,250 56,950 $ 56,950 238,500 379,000 379,000 472,500 243,000 301,700 680,000 201,000 171,900 777,500 312,000 372,300 235,000 210,000 240,300 (387,000) (120,000) (120,000) (121,000) (36,250) (36,250) (1,032,500) (677,500) (677,500) (660,000) (210,000) (70,000) (90,000) (580,000) (243,000) (1,016,250) (434,200) 972,000 409,000 Note: Parentheses indicate a credit balance. Amounts Accounts Inventory Land Buildings and equipment Franchise agreements Goodwill Revenues Additional paid-in capital Expenses Retained earnings, 1/1 Retained earnings, 12/31