Prince Corporation acquires Squire Service Corporation for $800,000$ shares of Prince stock, valued at $$70$ per share. Squire is merged into Prince, although it continues to do business under the Squire Service name. Professional fees connected with the acquisition are $$1,920,000$ and costs of registering and issuing the new shares are $$960,000,$ both paid in cash. Squire performs vehicle maintenance services for owners of auto, truck and bus fleets. Squire's balance sheet at acquisition is as follows: