On January 1, 2015, Marshall Company acquired 100 percent of the outstanding common stock of Tucker Company. To acquire these shares, Marshall issued $200,000 in long-term liabilities and 20,000 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Marshall paid $30,000 to accountants, lawyers, and brokers for assistance in the acquisition and another $12,000 in connection with stock issuance costs.

Prior to these transactions, the balance sheets for the two companies were as follows:

	Marshall Company Book Value		Tucker Company Book Value
Cash	$	60,000	$	20,000
Receivables		270,000		90,000
Inventory		360,000		140,000
Land		200,000		180,000
Buildings (net)		420,000		220,000
Equipment (net)		160,000		50,000
Accounts payable		(150,000)		(40,000)
Long-term liabilities		(430,000)		(200,000)
Common stock