The financial balances for the Atwood Company and the Franz Company as of December 31, 20X1, are presented below. Also included are the fair values for Franz Company's net assets.Assume an acquisition business combination took place at December 31, 2013. Atwood issued 50 shares of common stock with a fair Value of $35 per share for all of the outstanding common shares of Franz Stock inssurance cost of $15 (in thousand) and direct costs of $10 (in thousand) were paid.

Compute the Fair Value of net assets acquired at the date of the acquisition????

a 1300

b 1340

c 1500

d 1750

e 2480

Atwood Franz Co Franz Co (all numbers are in thousands) Book Value 12/31/20X1 Book Value 12/31/20X1 Fair Value 12/31/20X1 $ 240 $ 240 $ 870 660 1,230 1.800 1.800 Cash Receivables Inventorv Land Buildings (net) Equipment (net) Accounts payable Accrued eXpenses Long-term liabilities Common stock ($20 par) Common stock (S5 par) Additional paid-in capital Retained earnings Revenues Expenses 600 420 260 540 380 (240) (60) (1,020) 600 580 250 650 400 (240) (60) (1,120) 660 (570) (270) (2,700) (1,980) (420) (180) (480) (660) 620 (210) (1,170) (2,880) 2,760