Pumpworks Inc and Seaworthy Rope Company agreed to merge on January 1, 20X3On the date of the merger agreementthe companies reported the following data. i need the inventory , capital stock and capital in excess of parvalue for Part A . for Part B prepapere the stockholdersequity section of the combined company's balance sheet, assuming Pumpworks acquires all of net assets by issuing. 1.1,100 shares of common 2.1,800 shares of common 3.3,000 shares of common

Pumpworks Book Value Fair Value Seaworthy Rope Company Book Value Fair Value $ 98,080 155,000 158,000 pict 384,080 $ 98,000 114,880 114,000 410,000 (133,000) $ 603,000 $ 17,600 27,000 7,000 212,000 (76,000) $187,600 $ 17,000 39,680 12,000 pict 122,000 ure $190,000 ure Balance Sheet Items Assets Cash & Receivables Inventory Land Plant & Equipment Less: Accumulated Depreciation Total Assets Liabilities & Equities Current Liabilities Capital Stock Capital in Excess of Par Value Retained Earnings Total Liabilities & Equities $715,000 $ 21,089 $ 74,000 $ 74,000 342,000 30,000 157,000 $ 603,000 $ 21,000 81,000 15,000 70,000 $187,000 Pumpworks has 11,400 shares of its $30 par value shares outstanding on January 1, 20X3, and Seaworthy has 5,400 shares of $15 par value stock outstanding. The market values of the shares are $300 and $50, respectively Required: a. Pumpworks issues 900 shares of stock in exchange for all of Seaworthy's net assets. Prepare a balance sheet for the combined entity immediately following the merger. (Amounts to be deducted should be indicated by minus sign.) shares of stock in exchange for all of Seaworthy's net assets. Prepare a balance entity immediately following the merger. (Amounts to be deducted should be indicated by minus sign.) of 2 Answer is complete but not entirely correct. PUMPWORKS AND SUBSIDIARY Combined Balance Sheet January 1, 20X3 Liabilities and Equities 115,000 Current liabilities 194,000 Capital stock 126,000 Capital in excess of par value 532.000 Retained earnings (133,000) 101,000 Assets Cash and receivables Inventory Land Plant and equipment Accumulated depreciation Goodwill $ 95,000 342,000 341,000 157,000 o Total Assets 935,000 Total Liabilities and Equities S 935,000 to search 1 Capital stock Capital in excess of Retained earnings par value EA 0 2 Capital stock Capital in excess of par value Retained earnings $ 0 3 Capital stock Capital in excess of par value Retained earnings $ 0