Question four: On December 31, 2012, Rife Company issued 172,00 shares of its S20 par ordinary share (current fair value $ 35) to stockholders of Village Company in exchange for 80% outstanding shares of $5 per ordinary shares in a business combination. Out of pocket costs were legal combination fees 14,200. finder fees 12,000, auditing fees 18,000, registration fees 3.460. The financial statement of Village Co. and its fair value for the year ended 31/12/2012 are