PR Company pays $5,000 in cash and issues stock with a fair value of $30,000 to acquire all of SX Corporation's stock. SX will be a subsidiary of PR. Balance sheet accounts just prior to the acquisition are as follows, in trial balance format: PR Company SX Corporation Dr (Cr) Book value Book value Fair value Dr (Cr) Dr (Cr) Current assets Property, plant & equipment, net $7,000 $1,000 $2,100 98,000 9,000 4,500 Identifiable intangible assets 3,000 2,000 5,000 Current liabilities (8,000) (800)) (1,300) Long-term debt ($1,000) (5.000) (4,000) Capital stock (40,200) (5.000) Retained earnings (9,000) (7,500) Accumulated other comprehensive income (800) 800 Treasury stock 1,000 5,500 Total $0 50 PR's consultants find these items that are not reported on SX's balance sheet: Potential contracts with ne customers Advanced production technology Future cost savings Customer lists Fair value $2,000 $1,000 $1,500 $1,000 Outside consultants are paid $300 in cash, and registration fees to issue PR's new stock are $500. On the consolidated balance sheet at the date of acquisition, elimination (R) Ocredits long-term debt by $1,000. Odebits long-term debt by $4,000. Ocredits long-term debt by $4,000. Odebits long-term debt by $1,000