Required information Use the following information to answer questions 15-18 [The following information applies to the questions displayed below) On July 1, TruData Company issues 11,200 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of Webstat Company's outstanding voting shares. Webstat's precombination book and fair values are shown below along with book values for TruData's accounts. Webstat s (289,000) (162,000) (160,000) 1/1 to 7/1) Expenses (1/1 to 7/1) Retained earnings, 1/1 90,000 148,000 (138,000) 156,000 176,000 230,000 408,000 108,000 (506,000) 62,00062,000 156,000 138,000 206,000 86,000 214,000 226,000 86,000 Land Buildings and equipment (net) Common stock (60,000) Problem 2-16 (LO 2-5)