On January 1, 2016, Zebb and Nottle Companies had condensed balance sheets as shown below:

	Zebb	Nottle
	Company	Company
Current Assets	$1,000,000	$ 600,000
Plant and Equipment	1,500,000	800,000
	$2,500,000	$1,400,000
Current Liabilities	$ 200,000	$ 100,000
Long-Term Debt	300,000	300,000
Common Stock, $10 par	1,400,000	400,000
Paid-in Capital in Excess of Par	0	100,000
Retained Earnings	600,000	500,000
	$2,500,000	$1,400,000

Record the acquisition of Nottle's net assets, the issuance of the stock and/or payment of cash, and payment of the related costs. Assume that Zebb issued 30,000 shares of new common stock with a fair value of $25 per share and paid $500,000 cash for all of the net assets of Nottle. Acquisition costs of $50,000 and stock issuance costs of $20,000 were paid in cash. Current assets had a fair value of $650,000, plant and equipment had a fair value of $900,000, and long-term debt had a fair value of $330,000.