Problem 13-5 Papa Corporation and Mama Company have announced terms of an exchange agreement under which Papa Corporation will issue 8,000 shares of its P10 par value common stock to acquire all the assets of Mama Company. Papa Corporation shares currently are trading at P50, and Marna Company's P5 par value shares are trading at P18 each. Book value and fair value statement of financial position data on January 1, 2017, are is follows: Trem Cash and Receivables Land Buildings and Equipment (net) Total Assets Papa Corporation Mama Company Boot Har Fair Mhe Book a Far Pale P150.000 P150,000 P 40.000 40.000 100,000 170,000 30,000 35.000 300.000 400,000 160.000 230.000 PS50.000 P720.000 1250.300 P355.000 Common Stock Additional Paid-in Capital Retained Earnings Total Equities P200,000 20.000 330.000 PS50,00 P100.000 10.000 140,000 P250,000 Required: What will be the amount reported immediately following the business combination for each of the following items in the company's combined Statement of Financial Position 1. Common Stock 2. Cash and Receivables 3. Land 4. Buildings and Equipment (net) 5. Goodwill 6. Additional Paid-in Capital 7. Retained Gaming