Pancor Corporation paid cash of $176,000 to acquire Sink Company's net assets on February 1,203. The balance sheet data for the two companies and fair value information for Sink immediately before the business combination were: Required: a. Prepare the journal entry recorded by Pancor Corporation when it acquired Sink's net assets. b. Prepare a balance sheet for Pancor immediately following the acquisition. c. Prepare the journal entry to be recorded by Pancor if it acquires all of Sink's common stock for $176,000