refer to the question below

Pumpworks Inc. 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 Seaworthy Rope Company Balance Sheet Items Book Value Fair Value Book Value Fair Value Assets Cash & Receivables $ 105,900 $ 105, 900 $ 17,900 $ 17,900 Inventory 101, 090 151, 900 27, 000 39, 900 Land 101, 900 145, 900 7,000 12, 000 Plant & Equipment 407, 000 pict 315, 000 212, 000 pict 121, 000 Less: Accumulated Depreciation (149, 900 ) ure (64, 900 ) ure Total Assets $ 565,000 $716, 900 $ 199, 900 $ 189, 000 Liabilities & Equities Current Liabilities $ 65,000 $ 65,900 $ 28,900 $ 28,000 Capital Stock 214, 900 23, 500 Capital in Excess of Par Value 27,900 12, 900 Retained Earnings 259,900 135, 500 Total Liabilities & Equities $ 565,000 $ 199, 900 Pumpworks has 10,700 shares of its $20 par value shares outstanding on January 1, 20X3, and Seaworthy has 4,700 shares of $5 par value stock outstanding. The market values of the shares are $310 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. 1,400 shares of common. 2. 2100 shares of common. 3. 3,300 shares of common. 1 Capital stock Capital in excess of par value Retained earnings 0 2 Capital stock Capital in excess of par value Retained earnings 0 3 Capital stock Capital in excess of par value Retained earnings