On January 1, 2023, Patrol Corp. issued shares of its common stock to acquire all the outstanding common stock of Spender Inc. Spender's book value was only $140,000 at the time, but Patrol issued 12,000 shares having a par value of $1 per share and a fair value of $20 per share. Patrol was willing to convey these shares because it felt that buildings (ten-year life) were undervalued on Spender's records by $60,000 while equipment (five-year life) was undervalued by $25,000. Any consideration transferred over fair value of identified net assets acquired is assigned to goodwill. Following are the individual financial records for these two companies for the year ended December 31, 2026. Required: Prepare any analysis for this consolidation and complete a consondauon for this business combination