PART $5$: Assume that S is not dissolved and that P acquired all of the outstanding

common stock of S for $$550,000$ cash plus $500$ shares of P$\text{'}$s $$50$ par value common

stock having a market value of $$60$ per share. Also assume that stock registration fees

were $$10,000$ and merger$-$related legal and consulting fees $($i$.$e$.,$ expenses$)$ were $$20,000,$

all paid in cash by P$.$ REQUIRED: Calculate the change, if any, in P$\text{'}$s Additional Paid$-$

In Capital account using only the assumed information provided in this paragraph. No

labels or account titles are required for this part $($of the exam$)$ only. $($If no change

occurred, indicate NO CHANGE OCCURRED.$)$

NOTE: Pre$-$Acquisition data common to all parts is presented

immediately below $($unless stated otherwise$).$