on January 1, 2015, NewTune Company exchanges 18,430 shares of its common stock for all of the outstanding shares of On-the-Go, Inc. Each of NewTune's shares has a $4 par value and a $50 fair valu The fair value of the stock exchanged in the acquisition was considered equal to On-the-Go's fair value. NewTune also paid $32,700 in stock registration and issuance costs in connection with the merger Several of On-the-Go's accounts fair values differ from their book values on this date Book Fair Values Values 86,500 84,200 Receivables 116,250 280,500 Trademarks 68,750 260,750 Record music catalog 215,250 In-process research and development (64,000) (54,600) Notes payable Precombination January 1, 2015, book values for the two companies are as follows: New Tune On the Go 67,750 37,250 Cash 104,250 86,500 Receivables 414,000 116.250 Trademarks 837,000 68,750 Record music catalog 382,000 113,000 Equipment (net) 1,805,000 421,750 Totals 116,000) (47 250) Accounts payable (391,000) (64,000 Notes payable (50,000 400.000) Common stock Additional paid capital (30,000) (30,000) (868,000) (230,500) Retained earnings Totals Note parentheses indicate a credit balance media 840-8404495... jpg