Stockholders of Acme Company, Baltic Company, and Colt Company are considering alternative arrangements for a business combination. Balance sheets and the fair values of each company's assets on October 1, 2014, were as follows: Acme Baltic Colt Assets $3,927,780 $7,474,300 $950,270 Liabilities $2,040,400 $2,209,490 $260,980 1,982,200 1,811,520 539,270 Common stock, $20 par value Other contributed capital Retained earnings (deficit) -0- 605,720 189,620 (94,820) 2,847,570 (39,600) Total equities $3,927,780 $7,474,300 $950,270 Fair values of assets $4,239,310 $9,073,000 $1,303,580 Acme Company shares have a fair value of $53. A fair (market) price is not available for shares of the other companies because they are closely held. Fair values of liabilities equal book values. Prepare a balance sheet for the business combination. Assume the following: Acme Company acquires all the assets and assumes all the liabilities of Baltic and Colt Companies by issuing in exchange 139,200 shares of its common stock to Baltic Company and 39,880 shares of its common stock to Colt Company. (List assets in order of liquidity. Enter negative account balance with negative sign preceding the number e.g. -5,125 or parentheses e.g. (5,125).) ACME COMPANY Balance Sheet October 1, 2014 Assets $ $ Liabilities and Stockholders' Equity $ $