On January 1, 2021, Foster Corporation Issues 1,200,000 shares of its common stock for all of Evan Corporation's outstanding shares and Evan is dissolved. The fair value of Foster's common stock on that date is $126 per share. The book values and fair values of the accounts for each corporation at December 31, 2020 are as follows: Foster Company Book Value Fair Value Evan Corporation Book Value Fair Value Assets Cash Accounts receivable.net Inventory Land Buildings Accumulated depreciation Total assets $ 25,000,000 5,000,000 10,000,000 7,000,000 20,000,000 -5,000,000 $ 62,000,000 $ 25,000,000 5,000,000 8,000,000 9,000,000 19,000,000 $ 100,000,000 20,000,000 20,000,000 10,000,000 150,000,000 45,000,000 $ 255,000,000 $ 100,000,000 20,000,000 25,000,000 9,000,000 110,000,000 Liabilities and Stockholders' Equity Accounts payable Notes payable Common stock ($10 par) Additional paid in capital Retained earnings Total equities $ 14,000,000 11,500,000 $ 30,000,000 97,500,000 $ 14,000,000 10,000,000 15,000,000 5,000,000 18,000,000 $ 62,000,000 $ 30,000,000 100,000,000 90,000,000 10,000,000 25,000,000 S 255,000,000 Required: Prepare (a) the journal entry to record the business combination and (b) the balance Sheet in good form) of Foster Company on January 1, 2021 under the purchase method