On May 1 Soriano Co reported the following account balances along with their estimated fair values Rex vables Titory wyghts ed technology Total acts Current liabilities Long-tere latilities Common stock Retained earnings Total abilities and equities Carrying Amount Fair Value $ 133,500 5 173,500 77,000 77.000 154,500 53, see 911,000 737.000 3 1.276.000 3 1.470.000 $ 190.000 5 110,000 756,000 738.200 100,000 230,000 $ 1,276,000 On that day, Zambrano paid cash to acquire all of the assets and tables of Soriano, which will cease to estas a separate entity To facilitate the merger Zambrano alto paid $131.000 to an investment banking firm The following information was also available Zambrano further agreed to pay an extra $84.400 to the former owners of Sorano cyf the most certain revenue goalsdung the next two years Zambrano ottimined the present value of its proboquoted expected payment for contingency Soriano has a research and development project in process with an appraised awe of 5206,000 However, the project has not yet reached technological feasibility and the project's assets have no tener oh Procuro Zambrano's jums ties to record the Soriano sculton se ng cash payment to the former owners was 15689400 & 15806200 of no entry is required for a transaction even select "No journal entry required in the first account field) View the Journal entry worksheet Record the act of Sora Contact former $65.400