Problem 2-25 (Algo) (LO 2-4, 2-5, 2-6a, 2-6b, 2-6c) Following are preacquisition financial balances for Padre Company and Sol Company as of December 31. Also included are fair values for Sol Company accounts. Items Cash $ 526,750 Padre Company Book Values 12/31 Sol Company Book Values 12/31 $ 88,800 Fair Values 12/31 $ 88,800 Receivables 222,750 359,000 359,000 Inventory 487,500 283,000 334,500 Land 610,000 136,000 115,400 Building and equipment (net) 677,500 326,000 392,300 Franchise agreements 245,000 243,000 280,700 Accounts payable (354,000) (134,000) (134,000) Accrued expenses (108,000) (35,000) (35,000) Long-term liabilities (977,500) (602,500) (602,500) Common stock-$20 par value (660,000) 0 0 Common stock-$5 par value Additional paid-in capital Retained earnings, 1/1 Revenues 0 (210,000) 0 (70,000) (90,000) 0 (542,500) (338,000) 0 (994,500) Expenses 937,000 (379,300) 353,000 0 0 Note: Parentheses indicate a credit balance. On December 31, Padre acquires Sol's outstanding stock by paying $426,000 in cash and issuing 11,700 shares of its own common stock with a fair value of $40 per share. Padre paid legal and accounting fees of $27,500 as well as $7,000 in stock issuance costs. Required: Determine the value that would be shown in Padre's consolidated financial statements for each of the accounts listed: Note: Input all amounts as positive values. Accounts Inventory Land Buildings and equipment Franchise agreements Goodwill Revenues Additional paid-in capital Expenses Retained earnings, 1/1 Retained earnings, 12/31 Amounts