Prior to being united in a business combination, Mani Inc, and Toba Corp. had the following stockholders' equity figures: Mani Toba Common stock (S1 par value) $240,000 $62,000 Additional paid-in capital 120,000 110,000 Retained carnings 370,000 4,000 Mani issued 64,000 new shares of its common stock valued at $2.75 per share for all of the outstanding stock of Toba. Assume that Mani acquired Toba on January 1, 2021 and that Toba maintains a separate corporate existence. At what amount did Mani record the investment in Toba? A/ Assume that Mani acquired Toba on January 1, 2021. Immediately afterwards, what is the reported amount of the consolidated Common Stock? Immediately afterwards, what is the reported amount of the consolidated Additional paid-in capital