Problem 4-10 LO2, 3 The balance sheets of Prima Ltd. and Donna Corp. on December 31, Year 5, are shown below: Prima Donna Cash Accounts receivable inventory Plant Patents $ 374.000 84,000 100,000 514,000 104.000 $1,176,000 s 10,400 26,400 69,200 165,200 26,400 $297,600 Current liabilities $ 164,000 260,000 356,000 396,000 $1,176,000 s 36,000 66,000 100,000 5,600 $297,600 Long-term debt Common shares Retained earnings The fair values of the identifiable net assets of Donna Corp, on this date are as follows: Cash Accounts receivable Inventory Plant Trademarks Patents Current liabilities Long-term debt s 10,400 22,000 89,000 196,000 34,000 62,000 36,000 74,000 Problem 4-10 LO2, 3 The balance sheets of Prima Ltd. and Donna Corp. on December 31, Year 5, are shown below: Prima Donna Cash Accounts receivable inventory Plant Patents $ 374.000 84,000 100,000 514,000 104.000 $1,176,000 s 10,400 26,400 69,200 165,200 26,400 $297,600 Current liabilities $ 164,000 260,000 356,000 396,000 $1,176,000 s 36,000 66,000 100,000 5,600 $297,600 Long-term debt Common shares Retained earnings The fair values of the identifiable net assets of Donna Corp, on this date are as follows: Cash Accounts receivable Inventory Plant Trademarks Patents Current liabilities Long-term debt s 10,400 22,000 89,000 196,000 34,000 62,000 36,000 74,000