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, 2024, were as follows: Acme Baltic Colt Assets $3,900,000 $7,500,000 $950,000 Liabilities $2,030,000 $2,200,000 $260,000 Common stock, $20 par value 2,000,000 1,800,000 540,000 Other contributed capital 0 600,000 190,000 Retained earnings (deficit) (130,000) 2,900,000 (40,000) Total equities $3,900,000 $7,500,000 $950,000 Fair values of assets $4,200,000 $9,000,000 $1,300,000 Acme Company shares have a fair value of $50. A fair (market) price is not available for shares of the other companies because they are close