On January 1, 202. Prost Company acquired all of SKK Corporation's assets and llabilities by issuing 25,100 shares of its $6 par value common stock. At that date, Prost shares were selling at $23 per share. Historical cost and fair value balance sheet data for SKK at the time of acquisition were as follows: Prost paid legal fees for the transfer of assets and liabilities of $17,000. Prost also paid audit fees of $30.000 and listing application fees of $13,000, both related to the issuance of new shares. Required: Prepare the journal entries made by Prost to record the business combination. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)