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The Larisa Company is exiting bankruptcy reorganization with the following accounts: Book Value Fair Value Receivables $ 104,000 $ 138,000 Inventory 224,000 258,000 Buildings 324,000 448,000 Liabilities 324,000 324,000 Common stock 354,000 Additional paid-in capital 68,000 Retained earnings (deficit) (94,000) The company's assets have a $874,000 reorganization value. As part of the reorganization, the company's owners transferred 80 percent of the outstanding stock to the creditors. Prepare the journal entry for entries) necessary to adjust the company's records to fresh start accounting. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Record the entry to adjust asset values to fair value. 2 Record the entry to reduce additional paid in capital balance to correct figure, to close out gain account, and to eliminate deficit