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Paul Corporation acquired 60 percent of Saul Company on January 1, 2021, by issuing 57500 shares of $1 par common stock. The market value

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Paul Corporation acquired 60 percent of Saul Company on January 1, 2021, by issuing 57500 shares of $1 par common stock. The market value of the Paul stack on this date was $29 per share. Paul paid $52000 to a third party for help in arranging the business combination and $53000 to register and issue the shares issued in the acquisition. On the acquisition date, Paul would record a DEBIT TO ACQUISITION EXPENSE in the amount of: NOTE: BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000 Your Answer: Answer

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