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Required information Bullen Inc. acquired 100% of the voting common stock of Vicker Inc. on January 1, 2018. The book value and fair value of

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Required information Bullen Inc. acquired 100% of the voting common stock of Vicker Inc. on January 1, 2018. The book value and fair value of Vicker's accounts on that date (prior to creating the combination) are as follows, along with the book value of Bullen's accounts: Retained earnings, 1/1/18 Cash and receivables Inventory Land Buildings (net) Equipment (net) Liabilities Common stock Additional paid-in capital Bullen Vicker Vicker Book Value Book Value Fair Value $ 250,000 $ 240,000 170,000 70,000 $ 70,000 230,000 170,000 210,000 280,000 220,000 240,000 480,000 240,000 270,000 120,000 90,000 90,000 650,000 430,000 420,000 360,000 80,000 20,000 40,000 Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shares What will be the consolidated Additional Paid-In Capital and Retained Earnings (January 1, 2018 balances) as a result of this acquisiti transaction

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