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.)

i only need help with the last part

c. Record the purchase of SKK Corporation