Post-Combination Balance Sheet Presented below are the balance sheets of Allen Corporation and Benson Corporation, immediately prior to a business combination. The fair values of Benson's reported net assets equal their book values, and previously unreported identifiable intangible assets have a fair value of $75,000. Required Prepare the acquisition entry and the balance sheet of Allen Corporation after the following business combination: (1) Allen acquires Benson for $400,000 cash. Not all drop-down answers may be required for the journal entry. If an account is not required, select "N/A" as your answer. (2) Allen issues stock with a fair value of $800,000 to acquire Benson. Not all drop-down answers may be required for the journal entry. If an account is not required, select "N/A" as your