The balance sheet of Ibra Company on December 31, 2018, prior to its merger with Sur Corporation, was as follows: IBRA COMPANY Balance Sheet (prior to business combination) December 31, 2018 Assets Inventories OMR150,000 Plant assets (net) 500,000 Other assets 300,000 Total assets $950,000 Liabilities & Stockholders' Equity Liabilities OMR450,000 Common stock, $5 par 150,000 Additional paid-in capital 150,000 Retained earnings 200,000 Total liabilities & stockholders' equity $950,000 On December 31, 2018, Sur issued 60,000 of its OMR 10 par (current fair value OMR15) common stock for all the outstanding common stock of Ibra, which was then liquidated. Also on December 31, 2018, Sur paid OMR60,000 out-of-pocket costs in connection with the business combination, of which $25,000 were finder's, accounting, and legal fees directly related to the combination, and OMR35,000 were costs of registering and issuing the common stock to effect the combination. Current fair values of Ibra's inventories and plant assets were OMR 180,000 and OMR620,000, respectively; other assets and liabilities had current fair values equal to their carrying amounts. Required: Prepare journal entries on December 31, 2018, for Sur Corporation to record the business combination with Ibra Company. Disregard income taxes