On January 1, 2021, Marshall Company acquired 100 percent of the outstanding common stock of Tucker Company. To acquire these shares, Marshall issued $310,000 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 $24,000 to accountants, lawyers, and brokers for assistance in the acquisition and another $9,000 in connection with stock issuance costs. Prior to these transactions, the balance sheets for the two companies were as follows: Tucker Company Book Value Marshall Company Cash Book Value $ 75,000 $ 38,800 Receivables Inventory Land Buildings (net) Equipment (net) Accounts payable Long-term 11abilities: Common stock-$1 par value Common stock-$20 par value Additional paid-in capital 354,000 90,000 380,000 229,000 246,000 253,000 476,000 274,000 174,000 50,400 (241,000) (41,400) (480,000) (310,000) (110,000) (120,000) (360,000) Retained earnings, 1/1/21 (514,000) (463,000) Note: Parentheses indicate a credit balance