On January $1,$ NewTune Company exchanges $15,000$ shares of its common stock for all of the outstanding shares of On$-$the$-$Go$,$ Page $87$ Inc. Each of NewTune's shares has a $$4$ par value and a $$50$ fair value. The fair value of the stock exchanged in the acquisition was considered equal to On$-$the$-$Go's fair value. NewTune also paid $$25,000$ in stock registration and issuance costs in connection with the merger. Several of On$-$the$-$Go's accounts' fair values differ from their book values on this date $($credit balances in parentheses$)$:

$\backslash$table$[[,$Book Values,Fair Values$],[$Receivables$,$$$65,000,$$$63,000$