Palm Corporation and Staple Company have announced terms of an exchange agreement under which Paim will issue 8,000 shares of its $10 par value common stock to acquire all of Staple Company's assets. Palm shares currently are trading at $50, and Staple $5 par value shares are trading at $18 each. Historical cost and fair value balance sheet data on January 1, 20X2, are as follows Balance Sheet Item. Assets Palm Corporation Staple Company Book Value Fair Value Book Value Fair Value Cash & Receivables Land $150,000 100,000 $150,000 $40,000 $40,000 170,000 50,000 85,000 Buildings & Equipment (net) 300,000 400,000 160,000 230,000 Total Assets $550,000 $720,000 $250,000 $355,000 Equities Common Stock $200,000 $100,000 Additional Paid-In Capital 20,000 10,000 Retained Earnings 330,000 140,000 Total Equities $550,000 $250,000 Required: What amount will be reported immediately following the business combination for each of the following items in the combined. company's balance sheet?