Question 2: (10 points): A1, B1, C1, C3 Wateen Company issued 50.000 shares of $10 par and $50 market value to acquire the total net assets of Adam Company on December 31, 2019. At the acquisition date the total current assets were $100,000; total noncurrent assets were $200,000 and the total liabilities was $200,000. Also, Wateen paid $90,000 as merger fees. The current fair values of the assets and liabilities equal to their carrying amounts Instruction: Prepare journal entries on December 31, 2019, for Wateen to record the business combination with Adam Company