S10-13 (similar to) Question Help Up Country Publishing paid $250,000 to acquire Mesa Herald, a weekly advertising paper. At the time of the acquisition, Mesa Herald's balance shoot reported total assets of $120,000 and liabilities of $60,000. The fair market value of Mesa Heralds assets was $90,000. The fair market value of Mesa Heralds liabilities was $60,000. Road the requirements S10-13 (similar to) Question Help Up Country Publishing paid $250,000 to acquire Mesa Herald, a weekly advertising paper. At the time of the acquisition, Mesa Herald's balance shoot reported total assets of $120,000 and liabilities of $60,000. The fair market value of Mesa Heralds assets was $90,000. The fair market value of Mesa Heralds liabilities was $60,000. Road the requirements