On January 1, 20x2, Plend Corporation acquired all of Stork Corporation's assets and liabilities by issuing shares of its common stock Partial balance sheet data for the companies prior to the business combination and immediately following the combination are as follows Plend Corp. Book Value Stork Corp. Book Value Combined Entity $ 40,000 68,000 50,000 300,000 $ 10,000 30,000 35,000 110,000 550,000 88,000 95,000 430,000 2 $ 2 5450,000 $185,000 Assets Cash Accounts Receivable Inventory Bulldings & Equipment (net) Goodwill Total Assets Liabilities and Equities Accounts Payable Bonds Payable Bond Premium Common Stock, 55 par Additional Paid-In Capital Retained Earnings Total Liabilities & Equities $ 14,000 70,000 5 32,000 150,000 6,000 100,000 65,000 97,380 $450,000 $ 46,000 220,00 6,000 125,000 247,000 40,000 20,000 33,000 $185,000 $ 12 Required: a What number of shares did Plend issue to acquire Stork's assets and abilities? Number of shares b. What was the total market value of the shares issued by Plend? Market value of shares c. What was the fair value of the inventory held by Stork at the date of combination