On January 1, 2015, NewTune Company exchanges 18,430 shares of its commons stock for all of the outstanding shares of On-the-Go, Inc. Each of NewTune's shares has a $10 par value and a $50 fair value. The fair value fo the stock exchanged in the acquisition was considered equal to On-the-Go's fair value. NewTune also paid $32,700 in stock registratio and issuance costs in connection with the merger.

Assuming that the Board of Directors of NewTune votes to dissolve On-The-Go Company on February 1, 2015, prepare the journal entries necessary to this dissolution.

Assuming that the pooling of interest method is still generally acceptable and NewTune uses the pooling of interest method to account for the acquisition of On-The-Go Company, prepare the journal entries necessary to record the Investment in On-The-Go on the date of acquisition.

Assuming that the Board of Directors of NewTune votes to dissolve On-The-Go Company on February 1, 2015, prepare the journal entries necessary to this dissolution.

	Book Values	Fair Values
Receivables	86,500	84,200
Trademarks	116,250	280,500
Record music catalog	68,750	260,750
In-process research and development	0	215,250
Notes Payable	64,000	54,600

Precombination January 1, 2015, book values for the two companies are as follows:

	NewTune	On-the-Go
Cash	67,750	37,250
Receivables	104,250	86,500
Trademarks	414,000	116,250
Record music catalog	837,000	68,750
Equipment (net)	382,000	113,000
Totals	1,805,000	421,750
Accounts payable	116,000	47,250
Notes payable	391,000	64,000
Common stock	400,000	50,000
Additional paid-in capital	30,000	30,000
Retained earnings	868,000	230,500
Totals	1,805,000	421,750