Problem Assume that Jake Corporation and Kate Corporation are merged in a business combintion accounted for as a pooling of interests and that their equity accounts immediately before Jack Corporation Kate Corporation Total Capital stock, $10 par Additional paid-in capital Total paid-un capital Retained earnings Net assets and equity 100,000 $ 10,000 110,000 $ 50,000 160,000 $ 50,000 $ 20,000 70,000 $ 30.000 100,000 $ 150,000 30,000 180,000 80,000 260,000 5 Case 1 Jake, the surviving corporation, issues 5,000 shares of its stock for the net assets of Kate. In this case, the $180,000 total paid-in-capital of the combining companies exceeds the $150,000 capital stock of Jack, the surviving entity, by $30,000. As a result of the merger, Jake has capital stock of $150,000, additional paid-in-capital of $30,000, and retained earnings of $80,000 for a total equity of $260,000. The entry on Jake's books to record the pooling is