QUESTION 20 Morris Inc, acquired 100% of the voting common stock of Mark Inc. on January 1, 2020. The book value and fair value of Mark's accounts on that date (prior to creating the combination are as follow along with the book value of Morris' accounts Value Mom Book $ 350.000 170.000 200,000 10000 Rendeme 1/1/20 Cash and receivables Inventory $ ar Book live 500.000 20.000 230.000 170.000 240.000 90.000 450.000 30 000 70.000 200.000 250,000 240.000 90.000 450.000 120.000 000 Tuildingsnet Foment et Lab Commonsta Add Donald 300.000 20,000 Assume that Morris issued 12,000 shares of common stock with a 55 par value and a $47 fair value for all of the outstanding shares of Mark. What will be the balance in the consolidated Inventory and Land accounts? $500,000 and $400,000 5510,000 and $427,000 $520,000 and $440,000 5505,000 and $425,000 $496,000 and 5440,000. Morris Inc. acquired 100% of the voting common stock of Mark Inc. on lanuary 1, 2020. The book value and fair value of Mark's accounts on that date prior to creating the combination are as follow blong with the book value of Morris' accounts: Mark Book inue Mom took Value 550.000 170 000 250 000 $ Rendang 11/20 Cash and receivable Inventory Land Building net Eimantinel 70 000 340.000 110.000 DOO 10000 ESCO 360 000 2000 220.000 170 000 34000 50.000 30 000 30.000 10000 9.00 430 000 Commons Addison Assume that Morris issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shares of Mark. What will be the balance in the consolidated Inventory and Land accounts? 5500,000 and 5400,000 5510,000 and 5427,000 $520,000 and $440,000 5505,000 and 5425,000 $496,000 and 5440,000