On January 1, 2018, Marshall Company acquired 100 percent of the outstanding common stock of Tucker Company. To acquire these shares, Marshall issued $267,000 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 $22,000 to accountants, lawyers, and brokers for assistance in the acquisition and another $7,000 in connection with stock issuance costs. Prior to these transactions, the balance sheets for the two companies were as follows Marshall Company Tucker Company Book Value Book Value Cash Receivables Inventory Land Buildings (net) Equipment (net) Accounts payable Long-term liabilities Common stock-$1 par value Common stock Additional paid-in capital Retained earnings, 1/1/18 277,000 411,000 215,000 501,000 220,000 (226,000) $60,900 38,600 91,000 192,000 224,000 276,000 50,700 (54,300) (493,000) (267,000) (120,000) (495,900) (431,000) (110,000) -$20 par value (360,000)