Palm Corporation and Staple Company have announced terms of an exchange agreement under which Palm 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: Palm Corporation Book Value Fair Value Staple Company Book Value Fair Value Balance Sheet Item Assets Cash & Receivables Land Buildings & Equipment (net) Total Assets Equities Common Stock Additional Paid-In Capital Retained Earnings Total Equities $150,000 100,000 300,000 $550,000 $150,000 170,000 400,000 $720,000 $ 40,000 50,000 160,000 $250,000 $ 40,000 85,000 230,000 $355,000 $200,000 20,000 330,000 $550,000 $100,000 10,000 140,000 $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? Amounts a. Common Stock b. Cash and Receivables C. Land d. Buildings and Equipment (net) e. Goodwill f. Additional paid-In Capital 9. Retained Earnings