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Shannon Company had common stock of ( $ 160,000 ) and retained earnings of ( $ 234,000 ). Gus, Inc. had common stock of (
Shannon Company had common stock of \\( \\$ 160,000 \\) and retained earnings of \\( \\$ 234,000 \\). Gus, Inc. had common stock of \\( \\$ 350,000 \\) and retained earnings of \\( \\$ 376,000 \\). On January 1,2021 , Gus issued 35,000 shares of common stock with a \\$1 par value and a \\$15 fair value for all of Shannon Company's outstanding common stock. Immediately after the combination, what were the consolidated net assets? \\( \\$ 1,251,000 \\) \\( \\$ 919,000 \\) \\( \\$ 1,155,000 \\) \\( \\$ 884,000 \\)
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