On July 1, TruData Company issues 13,400 shares of its common stock with a $5 par value and a $35 fair value in exchange for all of Webstat Companys outstanding voting shares. Webstats precombination book and fair values are shown below along with book values for TruDatas accounts.

	TruData				Webstat				Webstat
	Book Values				Book Values				Fair Values
Revenues (1/1 to 7/1)	$	(292,600	)		$	(140,000	)
Expenses (1/1 to 7/1)		180,000				86,000
Retained earnings, 1/1		(118,000	)			(168,000	)
Cash and receivables		154,000				62,000			$	62,000
Inventory		160,000				154,000				182,000
Patented technology (net)		256,000				196,000				204,000
Land		386,000				212,000				224,000
Buildings and equipment (net)		106,000				84,000				84,000
Liabilities		(520,000	)			(372,000	)			(340,000	)
Common stock		(300,000	)			(80,000	)
Additional paid-in capital		(11,400	)			(34,000	)

1)On its acquisition-date consolidated balance sheet, what amount should TruData report as common stock?

2)On its acquisition-date consolidated balance sheet, what amount should TruData report as retained earnings as of July 1?