Stockholders of Pronghorn Company, Pina Colada Company, and Novak 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: Pronghorn Company shares have a fair value of $52. 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: Pronghorn Company acquires all the assets and assumes all the liabilities of Pina Colada and Novak Companies by issuing in exchange 139,600 shares of its common stock to Pina Colada Company and 40,150 shares of its common stock to Novak 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).) Prepare a balance sheet for the business combination. Assume the following: Pronghorn Company acquires all the assets and assumes all the liabilities of Pina Colada and Novak Companies by issuing in exchange 139,600 shares of its common stock to Pina Colada Company and 40,150 shares of its common stock to Novak 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).) mbination. Assume the following: Pronghorn Company acquires all the assets and Novak Companies by issuing in exchange 139,600 shares of its common stock to Pina mmmon stock to Novak Company. (List assets in order of liquidity. Enter negative account er e.g. 5,125 or parentheses eg. (5,125).) $ $ Liabilities and Stockholders' Equity Assets (except goodwill) Common Stock Goodwill Impairment Loss Liabilities Other Contributed Capital $ Retained Earnings Attempts: 0 of 2 used (b) Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Net Income / (Loss) Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity $ pkholders' Equity $ $ Save for Later Attempts: 0 of 2 used Submit