On January 1, 20X2, Prost Company acquired all of SKK Corporations assets and liabilities by issuing 24,700 shares of its $6 par value common stock. At that date, Prost shares were selling at $23 per share. Historical cost and fair value balance sheet data for SKK at the time of acquisition were as follows:

Balance Sheet Item	Historical Cost						Fair Value
Cash & Receivables		$	21,000				$	21,000
Inventory			109,000					114,000
Buildings & Equipment			603,000					466,000
Less: Accumulated Depreciation			(238,000	)
Total Assets		$	495,000				$	601,000
Accounts Payable		$	59,000				$	59,000
Notes Payable			83,000					81,000
Common Stock ($10 par value)			169,000
Retained Earnings			184,000
Total Liabilities & Equities		$	495,000

Prost paid legal fees for the transfer of assets and liabilities of $16,000. Prost also paid audit fees of $30,000 and listing application fees of $14,000, both related to the issuance of new shares.

Required: Prepare the journal entries made by Prost to record the business combination. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

A. Record the payment of legal fees

B. Record ther cost of issuing stock

C. Record the purchase of SKK Corporation