On January 1, 2015, Marshall Company acquired 100 percent of the outstanding common stock of Tucker Company. To acquire these shares, Marshall issued $190,950 in long-term liabilities and 21,600 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Marshall paid $31,200 to accountants, lawyers, and brokers for assistance in the acquisition and another $23,100 in connection with stock issuance costs Prior to these transactions, the balance sheets for the two companies were as follows Marshall Tucker Company Company Book Value $ 88,000 $ 14,400 Book Value Cash Receivables Inventory Land Buildings (net) Equipment (net) Accounts payable Long-term liabilities Common stock $1 par value Common stock- $20 par value Additional paid-in capital Retained earnings, 1/1/15 300,000 327,000 208,000 251,000 430,000 297,000 237,000 (186,000) (58,750) (510,000 (281,000) (110,000) 93,600 111,000 58,750 (120,000) (360,000) 424,000 (366,000) Note: Parentheses indicate a credit balance In Marshall's appraisal of Tucker, it deemed three accounts to be undervalued on the subsidiary's books Inventory by $5,800, Land by $25,050, and Buildings by $39,600. Marshall plans to maintain Tucker's separate legal identity and to operate Tucker as a wholly owned subsidiary a. Determine the amounts that Marshall Company would report in its postacquisition balance sheet. In preparing the postacquisition balance sheet, any required adjustments to income accounts from the acquisition should be closed to Marshall's retained earnings