Stockholders of Ayayai Company, Concord Company, and Bridgeport 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: Ayayai Company shares have a fair value of $50. 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. (a) Prepare a balance sheet for the business combination. Assume the following: Ayayai Company acquires all the assets and assumes all the liabilities of Concord and Bridgeport Companies by issuing in exchange 140,190 shares of its common stock to Concord Company and 40,110 shares of its common stock to Bridgeport 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).) AYAYAI COMPANY Balance Sheet Assets $ Liabilities and Stockholders' Equity $ Save for Later Attempts: 0 of 2 used Submit