On June $30,2023,$ Wisconsin, Incorporated, issued $$339,900$ in debt and $16,300$ new shares of its $$10$ par value stock to Badger

Company owners in exchange for all of the outstanding shares of that company. Wisconsin shares had fair value of $$40$ per share.

Prior to the combination, the financial statements for Wisconsin and Badger for the six$-$month period ending June $30,2023,$ were as

follows $($credit balances in parentheses$)$: