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 5 340 600 $ 240 160 Cash Receivables Inventory Land Buildings (net) Equipment (net) Accounts payable Accrued expenses Long-term liabilities Common stock (S20 par) Common stock (55 par) Additional paid-in capital Retined earnings Revenues Expenses $870 650 1.230 1,800 1.800 060 ( 570) (270) (2.700) (1,980) 380 (240) ( 60) (1,020) 580 250 650 400 (240) ( 60) (1.120) (210) (1,170) (2.880) 2,750 (420) (180) (480) (660) 620 Note Parenthesis indicate a credit balance Assume an acquisition business combination took place at December 31, 2013 Atwood issued 50 shares of its common stock with a fair value of $35 per share for all of the outstanding Coenmon shares of Franz Stock issuance costs of $15 in thousands) and direct costs of $10 in thousands) were paid Compute consolidated goodwill at the date of the acquisition $360 O 1450 5460 Osno