On June 30 , Year 2, Abdul Co. purchased all of Lana Co. assets and assumed all of Lana Co. liabilities for $60,000 in cash. The carrying amounts of Lana's net assets were equal to fair value except for the following: Required: (a) Prepare the journal entries for Abdul Co. and for Lana Co. to record this transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the acquisition of net assets of Lana Co. in Abdul Co.'s books. Note: Enter debits before credits. Journal entry worksheet Record the sale of assets and liabilities to Abdul Co. in Lana Co.'s books. Note: Enter debits before credits. (b) Prepare balance sheets for Abdul Co. and Lana Co. at June 30, Year 2, after recording the transaction noted above. (Leave no cells blank - be certain to enter "0" wherever required. Omit \$ sign in your response.)