The balance sheets of Abdul Co. and Lana Co. on June 30, Year 2, just before the transaction described below, were as follows: On June 30, Year 2, Abdul Co. purchased all of Lana Co, assets and assumed all of Lana Co. liabilities for $88,000 in cash. The carrying amounts of Lana's net assets were equal to fair value except for the following: Required: (b) Prepare balance sheets for Abdul Co. and Lana Co. at Juna an . blank- be certain to enter " "O" wherenc. blank - be certain to enter "O" wheraus.... cording the transaction noted above. (Leave no cells On June 30, Year 2, Abdul Co. purchased all of Lana Co, assets and assumed all of Lana Co. liabilities for $88,000 in cash. carrying amounts of Lana's net assets were equal to fair value except for the following: Required: (b) Prepare balance sheets for Abdul Co, and Lana Co. at June 30, Year 2, after recording the transaction noted above. (Leave