The balance sheets of Pittsburg Company and Atlanta Company as of January 1, 2020, are shown below. On that date Pittsburg purchased the net assets of Atlanta. Pittsburg Company issued 25,000 shares of their common stock for the net assets of Atlanta Company. The market value of Pittsburg's shares was $48 per share, the par value is $16 per share. The fair values of Atlanta Company's assets and liabilities are equal to their book values with the 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 Buildings and equipment, net 3,275,000 Total assets $6,090,000 Liabilities $1,935,000 Common stock 3,557,000 APIC 300,000 Retained earnings 298,000 240,000 800,000 $1,480,000 $ 320,000 800,000 360,000 Total liabilities and equity $6,090,000 $1,480,000 e. Prepare the journal entry on Pittsburg's books to record the acquisition assuming Pittsburg purchased 100% of Atlanta's stock for the 25,000 shares of Pittsburg's stock. f. If Pittsburg purchased 100% of Atlanta's stock in the acquisition, what journal entry would be made by Atlanta