Stockholders of Monty Company, Martinez Company, and Marigold 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:

Monty Company shares have a fair value of $$55.$ 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: Monty Company acquires all the assets and assumes all the liabilities of Martinez and Marigold Companies by issuing in exchange $140,620$ shares of its common stock to Martinez Comapny and $39,600$ shares of its common stock to Marigold Company.