Pumpworks Incorporated and Seaworthy Rope Company agreed to merge on January 1, 20X3. On the date of the merger agreement, the companies reported the following data: Pumpworks has 10,000 shares of its $20 par value shares outstanding on January 1,203, and Seaworthy has 4,000 shares of $5 par value stock outstanding. The market values of the shares are $300 and $50, respectively. b. Prepare the stockholders' equity section of the combined company's balance sheet, assuming Pumpworks acquires all of Seaworthy's net assets by issuing: 1. 1,100 shares of common. 2. 1,800 shares of common. 3. 3,000 shares of common