Required information Use the following information to answer questions 16-19 (Static) [The following information applies to the questions displayed below.] On July 1, TruData Company issues 10,000 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 along with book values for TruData's accounts as follows. Revenues (1/1 to 7/1) Expenses (1/1 to 7/1) Retained earnings, 1/1 Cash and receivables Inventory TruData: Book Values $ (250,000) 170,000 (130,000) Webstat Webstat Book Values Fair Values $ (130,000) 80,000 (150,000) 60,000 $ 60,000 175,000 200,000 140,000 190,000 145,000 Patented technology (net) 230,000 180,000 Land 400,000 200,000 225,000 Buildings and equipment (net) 100,000 75,000 Liabilities. (540,000) (360,000) 75,000 (350,000) Common stock (300,000) (70,000) Additional paid-in capital (10,000) (30,000) Problem 2-19 (Static) (LO 2-5, 2-7) An e seguetion date thelidated halanes cheat what must should rats and gains a 47