The financial balances for the Atwood Company and the Franz Company as of December 31, 2013, are presented below. Also included are the fair values for Franz Company's net assets Atwood Franz Co. Franz Co. (all numbers are in thousands) Book Value Book Value Fair Value 12/31/2013 12/31/2013 12/31/2013 $ 870 660 $ 240 S 240 600 420 600 1.230 260 250 650 540 180 Cash Receivables Inventory Land Buildings (net) Equipment (net) Accounts payable Accrued expenses Long-term habilities Common stock (S20 par) Common stock (S5 par) Additional paid-in capital Retained earnings Revenues Expenses 1.800 1.800 660 (570) (270) (2.700) (1.980) (240) (60) 400 (240) ( 80) (1.120) (1.020) (210) (1,170) (2.880) 2.760 (420) (180) (480) (660) 620 Note: Parenthesis indicate a credit balance value of $35 Dershare for all of the outstanding Assume an acquisition business combination took place at December 31, 2013 Atwood issued 50 shares of its common stock with a common shares of Franz Stock issuance costs of $15 thousands) and direct costs of 510 thousands) were paid Compute consolidated long term liabilities at the date of the acquisition O $2,600 O $2.700 $2,800 $3720