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On January 1 , NewTune Company exchanges 1 7 , 5 4 3 shares of its common stock for all of the outstanding shares of

On January 1, NewTune Company exchanges 17,543 shares of its common stock for all of the outstanding shares of On-the-Go, Incorporated. 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 $33,400 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):
\table[[Items,Book Values,Fair Values],[Receivables,$57,750,$54,700
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