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.						Stork Corp.
	Book Value						Book Value				Combined Entity
Assets
Cash		$	44,000				$	14,000				$	58,000
Accounts Receivable			64,000					34,000					96,000
Inventory			54,000					39,000					104,000
Buildings & Equipment (net)			304,000					114,000					438,000
Goodwill													?
Total Assets		$	466,000				$	201,000				$	?
Liabilities and Equities
Accounts Payable		$	36,000				$	18,000				$	54,000
Bonds Payable			154,000					74,000					228,000
Bond Premium			6,000										6,000
Common Stock, $5 par			104,000					44,000					132,000
Additional Paid-In Capital			69,000					32,000					287,400
Retained Earnings			97,000					33,000					?
Total Liabilities & Equities		$	466,000				$	201,000				$	?

Required: a. What number of shares did Plend issue to acquire Storks assets and liabilities?

b. What was the total market value of the shares issued by Plend?

c. What was the fair value of the inventory held by Stork at the date of combination?

d. What was the fair value of the identifiable net assets held by Stork at the date of combination?

e. What amount of goodwill, if any, will be reported by the combined entity immediately following the combination?

f. What balance in retained earnings will the combined entity report immediately following the combination?

g. If the depreciable assets held by Stork had an average remaining life of 10 years at the date of acquisition, what amount of depreciation expense will be reported on those assets in 20X2?