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		$	40,000				$	10,000				$	50,000
Accounts Receivable			60,000					30,000					88,000
Inventory			50,000					35,000					96,000
Buildings & Equipment (net)			300,000					110,000					430,000
Goodwill													?
Total Assets		$	450,000				$	185,000				$	?
Liabilities and Equities
Accounts Payable		$	32,000				$	14,000				$	46,000
Bonds Payable			150,000					70,000					220,000
Bond Premium			6,000										6,000
Common Stock, $5 par			100,000					40,000					126,000
Additional Paid-In Capital			65,000					28,000					247,000
Retained Earnings			97,000					33,000					?
Total Liabilities & Equities		$	450,000				$	185,000				$	?

Required: a. What number of shares did Plend issue to acquire Stork's 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?