On January 1, 20X1, Palpha Corporation acquired all of Stravo Company's assets and liabilities by issuing shares of its $3 par value stock to the owners of Stravo Company in a business combination. Palpha also made a cash payment to Banker Corporation for stock issue costs. Partial balance sheet data for Palpha and Stravo, before the cash payment and issuance of shares, and a combined balance sheet following the business combination are as follows: Assets Cash Accounts Receivable Inventory Buildings & Equipment (net) Goodwill Total Assets Accounts Payable Bonds Payable Common Stock Additional Paid-In Capital Retained Earnings Total Liabilities & Equities Palpha Corporation Book Value Stravo Company Book Value Fair Value Combined Entity $70,000 114,000 215,000 381,000 $ 12,000 23,000 110,000 228,000 $ 12,000 23,000 $ 61,000 137,000 324,000 279.000 660,000 $780,000 $ 47,000 190,000 94,500 $ 20,000 119,000 $373,000 $423,000 $ ? $ 20,000 119,000 $ 67,000 309,000 115,500 57,000 231,000 32,000 217,500 145,000 $780,000 $373,000 Required: Wmber of Eschen did Cerun handing 553,000 ? $ 2