$!$

Required information

On July $1,$ TruData Company issues $12,800$ shares of its common stock with a $$5$ par value and a $$35$ fair value in exchange for all of Webstat Company's outstanding voting shares. Webstat's precombination book and fair values are shown along with book values for TruData's accounts as follows:

$\backslash$table$[[$Items$,\backslash$table$[[$TruData Book$],[$Values$]],$Webstat Book Values,$\backslash$table$[[$Webstat Fair$],[$Values$]]],[$Revenues to $\frac{7}{1},$$$(314,600),$$$(154,000),0],[$Expenses to $\frac{7}{1},166,000,70,000,0],[$Retained earnings, $\frac{1}{1},(120,000),(150,000),0],[$Cash and receivables,$196,000,62,000,$$$62,000$