on january 1, 2020, prestige corporation acquired 100 percent of the voting stock of stylene corporation in exchange for $2,344,500 in cash and securities. on the acquisition date, stylene had the following balance sheet: cash $ 28,000 accounts payable $ 1,199,000 accounts receivable 99,000 inventory 168,000 equipment (net) 1,620,000 common stock 800,000 trademarks 942,000 retained earnings 858,000 total assets $ 2,857,000 total liabilities and equity $ 2,857,000