The balance sheets of Pittsburg Company and Atlanta Company as of January 1, 2020, are shown below. On th date Pittsburg purchased the net assets of Atlanta. Pittsburg Company issued 25,000 shares of their common for the net assets of Atlanta Company. The market value of Pittsburg's shares was $48 per share, the par valu $16 per share. The fair values of Atlanta Company's assets and liabilities are equal to their book values with th exception of buildings and equipment, which has an estimated fair value of $720,000. Cash Pittsburg $520,000 Atlanta $ 200,000 Accounts receivable 320,000 240,000 Inventory 1,975,000 240,000 Buildings and equipment, net 3,275,000 800,000 Total assets $6,090,000 $1,480,000 Liabilities $1,935,000 $ 320,000 Common stock 3,557,000 800,000 APIC 300,000 Retained earnings Total liabilities and equity 298,000 360,000 $6,090,000 $1,480,000 a. Prepare the journal entry on Pittsburg's books to record the acquisition of the net assets of Atlanta. b. Prepare the journal entry on Atlanta's books to record the sale of the net assets to Pittsburg. C. Prepare a balance sheet for Pittsburg immediately after the acquisition of the net assets. d. Prepare a balance sheet for Atlanta immediately after the sale of their net assets