Pretzel Company acquired the assets (except for cash) and assumed the liabilities of Salt Company on January 2, 2012. As compensation, Pretzel Company gave 30,000 shares of its common stock, 15,000 shares of its 10% preferred stock, and cash of exist50,000 to the stockholders of Salt Company. On the acquisition date Pretzel Company stock had the following characteristics: Immediately prior to the acquisition. Salt Company's balance sheet reported the following book values and fair values: Prepare the journal entry on the books of Pretzel Company to record the acquisition of the assets and assumption of the liabilities of Salt Company