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please show steps Stockholders of Acme Company, Baitic Company, and Colt Company are considering alternative arrangements for a business combination. Balance sheets and the fair

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Stockholders of Acme Company, Baitic Company, and Colt Company are considering alternative arrangements for a business combination. Balance sheets and the fair values of each company's assets on October 1,2014 , were as follows: Acme Company shares have a fair value of \$53. A fair (market) price is not available for shares of the other companies because they are closely held. Fair values of liabilities equal book values. (a) Prepare a balance sheet for the business combination, Assume the following Acme Company acquires all the assets and assumes all the liabilities of Baltic and Colt Companies by issuing in exchange 139,330 shares of its common stock to Baltic Company and 40.060 shares of its common stock to Colt Company. (thst assets in order of llquidity. Enter negotive account balance with negotive sign preceding the number es - 5,125 or parentheses es. (5,125)) Prepare a balance sheet for the business combination. Assume the following: Acme Company acquires all the assets and assumes all the liabilities of Baltic and Colt Companies by issuing in exchange 139,330 shares of its common stock to Baltic Company and 40,060 shares of its common stock to Colt Company. (List assets in order of lliquidity. Enter negative account balance with negative sign preceding the number eg 5,125 or parentheses eg. (5,125). Assets Liabilities and Stockholders' Equity $

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