Problems 15 through 18 are based on the following information: On July 1, TruData Company issues 10,000 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of Webstat Company's outstanding voting shares. Webstat's precombination book and fair values are shown below along with book values for TruData's accounts. On its acquisition-date consolidated balance sheet, what amount should TruData report as common stock? a. $70,000 b. $300,000 C. $350,000 d. $370,000 TruData Book Values Webstat Book Values Webstat Fair Values Revenues (1/1 to 7/1).. Expenses (1/1 to 7/1). Retained earnings, 1/1. Cash and receivables. Inventory..... Patented technology (net). Land......... Buildings and equipment (net) Liabilities..... Common stock Additional paid-in capital. $(250,000) 170,000 (130,000) 140,000 190,000 230,000 400,000 100,000 (540,000) (300,000) (10,000) $(130,000) 80,000 (150,000) 60,000 145,000 180,000 200,000 75,000 (360,000) (70,000) (30,000) $ 60,000 175.000 200,000 225,000 75,000 (350,000)